Private equity firm Aspirity Partners has invested $135m (£100m) for a minority investment stake in fast-growing Financial Planning firm Hoxton Wealth.
Completion of the deal remains subject to regulatory approval.
The investment is the first external capital raised by Hoxton since the firm was founded.
UAE-based Hoxton was set up in 2018 by British expatriate Chris Ball, formerly of deVere Group. He continues to retain a majority shareholding in the firm following Aspirity’s investment.
Hoxton said the funding will support its growth plans including acquisitions, the recruitment of financial advisers and investment in senior leadership and processes.
Chris Ball, founder and CEO at Hoxton Wealth, said: “From humble beginnings to our first external investment, this is a defining moment for Hoxton, and choosing the right partner mattered enormously. I am so proud of what our team has built on its own, and Aspirity gives us the backing to pursue our ambitions with real conviction.”
Aspirity was attracted to invest in Hoxton as it believes internationally mobile clients remain underserved by financial advisers.
Joseph O’Mara, founder at Aspirity Partners, said: “Chris and the team have grown the business to this point without external capital. We have spent almost a year getting to know Hoxton and believe Aspirity can support its next phase as it continues to use technology to serve internationally mobile clients.”
Hoxton Wealth was known as Hoxton Capital Management until it rebranded last August. The company said its new branding would help ensure that internationally-minded clients have a place alongside more domestically-focused clients.
Hoxton Wealth’s client base currently stands at 10,000 individuals, with more 450 staff working at offices in the UAE, UK, USA, Australia, South Africa, Mexico and Cyprus. The firm manages over $5bn in assets (£3.71bn).
In 2025 it completed the acquisition of Manchester-based Haven IFA, expat speciality Infinity Financial Solutions, and Darlington-based Family First Financial Services.
It made four acquisitions in the UK in 2024, including paying an undisclosed sum to buy St Albans-based Chequer Financial Services.
In June 2024 Hoxton acquired London and Southend IFA Devine Financial Management. In April 2024, Hoxton acquired two UK-based Financial Planning firms, AUM Dudley-based Alpha Financial Services and Guildford-based Bartholomew Financial Planning.