• South east based firm Brachers has advised MWA Financial on their acquisition of Prosperity Financial Advisors and Stockbrokers.

    London based MWA are a leading IFA group specialising in acquisition and organic business development. The company launched in 2016 and uses a holistic advice model, focusing on implementing bespoke succession plans and offering partnerships for growth. Hampshire based Prosperity offer financial planning and investment advice to individuals and businesses.

    The acquisition is part of MWA’s growth plans to become a leading national IFA firm, with the company planning further acquisitions of high quality advice firms over the next three years.  The Prosperity deal takes MWA’s assets under  advice to £300m and its adviser headcount to 15.

    Corporate Partner Matthew Simmonds led the deal, supported by Senior Associate Tim Turner and solicitor Sunil Landa.

    Matthew said: “We are delighted to have advised MWA on the successful acquisition of Prosperity which is an important step in their growth plans. The business has made good progress over the past few years due to the team’s unique approach to acquisitions and commitment to enhancing the offering of their acquired firms. We are  glad to have the opportunity to work with the MWA team as they continue to grow.”

    Campbell Banks, CEO of MWA Financial said:

    “Matt Simmonds and his team supported us with their expert advice at every step of this acquisition. Their proactive approach and commercial awareness were invaluable in ensuring a successful outcome for us. I’d like to thank them for their hard work. Matt and his team feel  part of the MWA team and we look forward to working with them in the future”

    The deal is one of the most recent in a number of deals for the Corporate team over the last few months. The success of the team has been recognised by the prestigious South East Dealmakers Awards 2021, where they have been shortlisted in four categories.

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