Coniston-backed MWA, an Independent Financial Advisor consolidation platform, has acquired Wiltshire-based Hawthorn Financial Services, a financial advisory firm that provides personalised financial planning and wealth management services.
The acquisition brings more than 70 family units into the group, along with £26 million in AUA and Hawthorn’s founder, Derek Avenell, has joined MWA as an adviser. Following the acquisition, MWA Financial Advice now serves nearly 2,500 clients across the UK and oversees approximately £950m of AUA.
Cam Banks, CEO of MWA, commented “Hawthorn Financial Services is a fantastic business with a high-quality, loyal and long-standing client base. We are delighted to welcome Derek to MWA and are looking forward to seeing what we can achieve together.”
MWA secured an initial growth capital investment from Coniston in October 2023 to fund their acquisition strategy. Hawthorn Financial Services is the sixth acquisition that MWA has completed in partnership with Coniston after securing a £7.5m funding facility from FDC in 2024.
