1oth December 2024
Milecross Financial has continued its ambitious expansion strategy by acquiring The Martin Cliffe Practice, a financial planning firm based in Buckinghamshire. This marks Milecross' fourth acquisition in 2024. The deal adds £80m in funds under management and approximately 650 clients to Milecross' growing portfolio. It also brings a team of seven professionals, including four advisers and three administrative staff, into the Milecross family.
Chris Thorndycraft, Chief Commercial Officer at Milecross, praised the addition, stating, “Their extensive experience in wealth management, along with an established mortgage portfolio, is a tremendous asset to the Milecross family. This acquisition also supports our strategy of establishing a presence in southern England and expanding our footprint across the UK."
This acquisition reflects the firm’s commitment to consolidating its position as a leader in nationwide financial advice. Earlier this year, Milecross also acquired Miskimmin Wealth, The Centre Court Partnership, and Osprey Financial Services, showcasing its robust growth trajectory in 2024. Founder and CEO Paul Dalzell emphasised the firm’s ongoing expansion plans: "This marks the latest in a series of acquisitions this year and further enhances our services as a leading UK-wide advice business. We are progressing with additional partnership discussions as we head into 2025, and we expect the business to continue to grow significantly in the months ahead.”
Martin Cliffe, founder of The Martin Cliffe Practice, expressed his confidence in the partnership, noting, “Selling your business is a significant step, but I already had a long and trusted relationship with key individuals at Milecross. They truly understood my business and what I wanted to achieve—personally and for the team. This deal is a win-win for everyone involved, including our clients.”
This acquisition highlights the ongoing consolidation trend in the UK financial advice sector, where firms leverage strategic partnerships to scale operations and enhance client offerings. For Milecross, this represents another step towards establishing a nationwide presence, underscoring the importance of shared values, client focus, and regional expansion.
At Chapters Capital, we specialise in financial planning and wealth management M&A. Whether you are considering a sale, merger, or expansion, our tailored approach ensures you receive trusted support at every step. Contact one of our professional associates today for a confidential, no-obligation consultation.