Hoxton Wealth has established a presence in Asia with the acquisition of Infinity Financial Solutions for an undisclosed amount.

The transaction will add $300m (£225m) in assets under management (AUM) to the advice firm, bringing its total AUM to $3.3bn (£2.5bn).

Hoxton Wealth said it was capitalising on an opportunity for major growth in the Asian wealth management space through the acquisition.

Infinity was founded in 2004 and is a provider of wealth management and expat financial services, with multiple offices across Asia.

The company is led by managing director, Trevor Keidan, and finance director, Ben Bennett, both of whom will remain with the business post-acquisition.

Hoxton Wealth noted that it had been in conversations about a potential deal with Infinity for around two years.

Infinity offers internationally mobile advice that aims to maximise investments, pensions, savings, and trusts for individual clients, alongside international banking and insurance.

It also assists commercial clients with company formation, corporate insurance and risk management, and provides a range of services to companies through its corporate division.

Following a bedding in process, a full rebranding exercise will take place to transition everything over to Hoxton Wealth.

Hoxton Wealth said that its goal was to reach £3bn in value globally by the end of 2025.

“I’m really looking forward to getting out there, seeing the team, and spending more time with them to help them expand the business,” commented Hoxton Wealth chief executive, Chris Ball.

“Trevor and Ben have built a fantastic business over the past 20 years – one that performs well, takes care of its clients and has a great track record with the regulator. We want to continue that and carry it forward.

“I’ve been aware of their business for a long time. I’ve known that Trevor and Ben are really good operators. And I was aware that Infinity was a good business as well. It wasn’t one I was concerned about.

“There are a lot of potential regulatory issues in Asia – it’s not the most regulated place – but I was comfortable with them.

“Sometimes you just have to strike while the iron’s hot and get the deal done.”

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