Wealth management firm acquires sharehold with Carrick Financial Management

Tier One Capital Ltd, a wealth management business, has acquired a shareholding with Carrick Financial Management with the help of the corporate team at Newcastle based Mincoffs Solicitors.

Tier One Capital specialises in private client, corporate and charitable wealth management.  It will work closely with the team to develop further opportunities with the marketplace.

Jess Swindells, Tier One Capital’s managing director, said: “This is an exciting step for us and we are delighted to announce this deal as part of our strategic growth plans.  Carrick Financial Management is a highly regarded wealth management company with a very strong team of financial advisers, which has grown successfully in recent years.  We are very much looking forward to working closely with the team as we continue to develop our business services and capabilities.”

Carrick Financial Management is supported by financial advisers and office staff at its base in Seaton Burn and was advised by the corporate team led by Partner Paul Hughes at Newcastle-based Mincoffs Solicitors.

Michael Carrick, Managing Director, added: “This is great news for our clients and everyone associated with CFM.  We are delighted how the deal has been structured, which provides the ideal platform for both parties to flourish and develop, well into the future.”

Paul Hughes from Mincoffs Solicitors’ corporate team added “It was an absolute pleasure to act for Michael and the team at Carrick Financial Management and I wish them well for the future.”