Financial advice and investment management company One Four Nine Group has acquired Nottingham-based independent chartered financial planning business Castlegate Capital.

The transaction marks One Four Nine Group’s first acquisition since the launch of its One Four Nine Wealth brand, which was introduced in late 2023.

As part of the deal, Castlegate Capital will rebrand to One Four Nine Wealth upon completion of the transaction, taking the group’s client assets to more than £1.6bn, with over 30 financial planners and around 5,000 clients.

One Four Nine Group said the establishment of its wealth brand was an “important moment of evolution” for the business, aiming to provide a platform to begin uniting all its regional locations under one brand identity and ensure the delivery of a consistent client service proposition across the UK.

One Four Nine Wealth is the financial planning arm of the business, operating alongside One Four Nine Portfolio Management to form a wealth planning firm with in-house discretionary investment manager.

Its acquisition of Castlegate Capital is the 10th purchase for One Four Nine Group and the first of 2024 following a “significant period of focus” to fully integrate all firms into the business.

“This is an exciting time of growth for One Four Nine Group,” commented One Four Nine Group chief executive officer, Gabrielle Beaumont.

“Investing heavily in the last 12 months in people, integration and client proposition across our regional locations has put us in a strong position to continue to attract some of the best firms in the market as part of our continued acquisition strategy.

“I’m delighted to welcome Castlegate Capital to the business. Their team were a natural fit for One Four Nine Group and share our vision of building an energetic, forward-thinking financial planning business with a clear focus on delivering excellent lifetime financial planning to our valued clients.”

One Four Nine Group corporate development director, Sanjay Lukka, added: “The acquisition of Castlegate Capital is an important milestone for One Four Nine Group. Having joined the group in August, I’m delighted that my first acquisition marks such a crucial step in our growth journey.

“This acquisition reinforces our commitment to expanding One Four Nine Group’s footprint in the Midlands and beyond.

“Castlegate Capital’s expertise and strong client focus aligns fully with our own, and I look forward to working alongside their talented team to continue to deliver more value to our clients.”

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