Craven Street Wealth acquires Tarvos Wealth Ltd.

Kreston Reeves Financial Planning Ltd, which is a part of the Craven Street Wealth group, has acquired Tarvos Wealth Ltd.

Craven Street Wealth was created by the London-based corporate finance firm, Craven Street Capital Ltd, following the simultaneous acquisitions of Kreston Reeves Financial Planning and Christchurch Investment Management Ltd in March 2021.

Funding for the transactions is being provided by Shawbrook Bank.

With the addition of Tarvos Wealth, the Craven Street Wealth group will have the expertise of 18 Financial Planners, nine with Chartered Financial Planner status, and will have £1.15 billion of assets under advice.

Retiring Tarvos Managing Director, Simon Ludden, has introduced his clients to other Financial Planners within the firm since providing the company with his notice to retire two years ago.

All staff will remain within the business and continue to be based out of their Canterbury office. Over time, Tarvos Wealth will merge into the wider Craven Street Wealth group, subsequent to a thorough and rigorous process being followed to ensure that the transfer process is in the best interests of the clients, staff and stakeholders of the wider group.

This acquisition will allow clients and staff from the firm to benefit over time from the expansion of services, including investment propositions, platform technology and systems, all whilst keeping client costs down.

Tom Barnett, Managing Director of Craven Street Wealth and Kreston Reeves Financial Planning, commented: “We are delighted to have completed this acquisition at an important stage of our plans for development after detailed discussions over an extensive period of time.

“I would like to thank the Tarvos shareholders for recognising the value in combining the businesses. Not only does the combined business provide additional scale which we intend to embrace for the enhancement of services to clients, but also expands our advice team, which operates with an exceptionally broad range of skills and professionalism. We very much look forward to making announcements on our plans as they continue to develop.”

Ruth Dolan, Chartered Financial Planner and Director of Tarvos Wealth, said: “We see this as a natural fit with both companies aligning their culture and vision, to continue to provide a high standard of advice and service to clients. With both firms’ historic roots in the accountancy and legal sector, it gives us a fantastic opportunity to continue to build a trusted service upon which other professionals can rely for their clients.”

enewsletter