Partners Wealth Management (PWM) has acquired Navigate Capital Management (NCM), which will integrate and form part of the PWM brand.

NCM is a Surrey-based financial planning and independent advice firm, advising on approximately £170m of assets across around 175 clients.

PWM, which is part of the 7IM group, said the move represented the next step in its growth journey, seeking to cement itself as one of the leading independent wealth management firms in the UK.

The merged firm now manages more than £6.2bn of assets for approximately 5,700 clients.

It stated that combining NCM’s expertise and regional strength with PWM’s scale and resources will enable the newly rebranded firm to deliver leading wealth management services for individuals, families, and businesses.

Commenting on the acquisition, PWM managing partner, Fiona Oliver, said: “This is a proud moment for PWM, exemplifying everything we at PWM stand for – strong partnerships that lead to exceptional client outcomes.

“By uniting under the PWM brand, we are bringing together the depth of Navigate’s expertise with the scale and support of our national platform.

“Together, we are better equipped than ever to help clients achieve financial freedom."

NCM founder and director, Philip Warren, added: “Today marks the next exciting chapter for our clients and team. By uniting with Partners Wealth Management, we’re combining the strengths of two exceptional teams to create a truly class-leading offering.

“Our clients and professional partners can expect even more value, delivered with the same dedication, expertise and experience they’ve come to expect from us."

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