Harwood Wealth Management Group has acquired Network Direct Limited, a national network of financial advisers based in Wolverhampton, for a maximum total consideration of up to £4 million, of which £1 million is payable upon completion. The acquisition is subject to Financial Conduct Authority approval. NDL has a network of 107 financial advisers with assets under influence (of £1bn and the acquisition extends HWMG's reach nationwide. HWMG's says this is its most significant acquisition to date and demonstrates continued execution of strategy. Chairman Peter Mann said: "We are extremely pleased to be able to announce this key strategic acquisition. We anticipate that the Acquisition will enable us to further leverage our existing investment solutions to the benefit of NDL's advisers and clients, and also that it will enable us to expand our reach across the UK where there is a growing market for the delivery of quality investment management and advice. "We welcome the NDL team and advisers to the group, and look forward to working with them to deliver fully integrated investment solutions to their clients."
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