Financial Planning firm Harwood Wealth Management Group has revealed three new acquisitions.

The firm says it has recently exchanged contracts to purchase Goldwyns Wealth Management Limited, based in Southend on Sea, and the trade and assets of Andrew Routley Pension Limited, based in Portsmouth; both are established financial advisory firms. 
 
The purchase price for Goldwyns is around £800,000 and the price for Routley is approximately £600,000.

The company said that in both cases, the purchase price is payable 50% on completion, which is expected to be in October and December 2019 respectively, followed by two instalments of 25% each which are due to be paid on the first and second anniversaries of completion, contingent upon results.
 
Harwood also revealed the completion of its acquisition of the trade and assets of Patricia Hodge IFA.

The purchase price for Hodge was £400,000 with 50% paid on completion and two instalments of 25% each due to be paid on the first and second anniversaries of completion, contingent upon results.
 
Peter Mann, chairman of Harwood Wealth Management Group, said: "In line with our strategy, we continue to make quality acquisitions and I am pleased to welcome the staff and clients of Goldwyns, Routley and Hodge to Harwood.

“We continue to see a healthy pool of acquisition opportunities ahead of us and, as communicated at the Group's interim results, are working on several acquisitions at various stages of progress.”