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Independent advisory firm, Carrick Financial Management has been acquired by wealth management firm Tier One Capital.

Having already acquired a large share of Carrick Financial Management in April 2018, Tier One Capital has now purchased the whole company as part of the continued growth and expansion of its wealth management, investment management and direct lending services.

Tier One will fully integrate Carrick Financial Management into its financial operations, retaining its experienced team of independent financial advisers and support staff.

“Completing the acquisition of Carrick Financial Management is a key milestone in the future strategic growth of Tier One Capital,” said chief executive Ian McElroy.

“It will enable us to develop more extensive capabilities for a wider customer offering, which will benefit a growing number of private individuals, corporate clients and charities.”

Carrick Financial Management was founded in 2001, with its co-founder Paul Blight being named as the new head of wealth management at Tier One Capital.

“Working alongside the team at Tier One Capital over the last few years has been very positive and becoming a part of their business has been a very natural development for Carrick Financial Management,” said Blight.

“There are some very strong synergies between the two firms, as well as individual strengths, which combined will offer our clients an enhanced level of expertise and service excellence.”

Legal advice to Carrick Financial Management was provided by Mincoffs Solicitors and Muckle LLP advised Tier One on the deal with corporate finance advice provided by Newcastle-based Inveniam Corporate Finance.

 

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