Oakglen Wealth has announced the acquisition of Jersey-based independent financial planning firm Homebuyer Financial Services (HBFS) for an undisclosed amount.

The acquisition will expand Oakglen Wealth’s offering to include financial and retirement planning, alongside its core wealth and investment management services.

As part of the deal, HBFS managing director, Michael Barney, and HBFS director and partner, Marzena Dziewulska, will support the business in an advisory capacity for a transitionary period.

All other HBFS staff will remain employed by the business to ensure service continuity for clients.

Both Oakglen Wealth and HBFS are regulated in Jersey by the Jersey Financial Services Commission.

Commenting on the announcement, Oakglen head of wealth management, Jamie Crawford, said: “Our goal has always been to provide clients with the highest quality advice, built around their individual needs.

“Bringing HBFS into the Oakglen Wealth group allows us to extend our services to include expert financial and retirement planning, while staying true to our core values of independence and personalisation.

“We look forward to welcoming the HBFS team and I look forward to working with Michael and Marzena to achieve a smooth handover.”

Barney added: “We are delighted that the sale of HBFS to Oakglen has completed. This is great news for HBFS clients as Oakglen will offer fresh solutions to HBFS clients.

“I am aware that I have personally looked after a number of clients for many years and I am excited to continue to work with Oakglen Wealth and HBFS going forward.”

---