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MHA acquires Cave & Sons to strengthen private wealth offering

The acquisition is a response to increasing client demand for an integrated and holistic private wealth service, which incorporates discretionary and advisory wealth management alongside tax planning and other accounting and advisory services.

MHA MacIntyre Hudson has strengthened its offering of tax, advisory and wealth services for high net-worth clients with its purchase of a majority stake in Cave and Sons, the wealth manager and independent financial advisory (IFA) firm.


Following the deal, Cave and Sons will be renamed MHA Caves Wealth to reflect its ties to MHA MacIntyre Hudson.

MHA said the deal will form the basis of a lasting partnership, with MHA Caves Wealth’s investment managers and financial advisers collaborating with MHA MacIntyre Hudson’s private wealth client teams across the latter firm’s network of regional offices.

MHA Caves Wealth will continue to serve all of its existing clients while forming a core part of MHA MacIntyre Hudson’s “comprehensive” private wealth offering.

According to MHA, the acquisition is a response to increasing client demand for an integrated and holistic private wealth service, which incorporates discretionary and advisory wealth management alongside tax planning and other accounting and advisory services.

Rakesh Shaunak, group chairman of MHA MacIntyre Hudson and MHA, said: “Increasingly owner-managers and high-net worth individuals want to see a comprehensive and fully integrated range of advisory and investment services from their providers.

“In addition, they want a highly personal, tailored wealth management service, responsive to specific individual needs with the highest levels of client service. Our partial acquisition of Cave and Sons, now MHA Caves Wealth, further strengthens our ability to provide this service.”

He added: “From now on we can complement all our existing advisory services with the sophisticated, highly-professional, in-depth financial advice and wealth management offering that Cave & Sons is well known for.”

Simon Harvey, CEO of Cave and Sons, said: “This deal enables MHA MacIntyre Hudson and MHA Caves Wealth to become a ‘one-stop shop’ for both new and existing clients’ wealth management needs. We aim to provide the full range of planning, advisory and wealth management services that business owners and high-net worth individuals require.

“The partnership between MHA MacIntyre Hudson and MHA Caves Wealth is also a springboard for future expansion. With MHA MacIntyre Hudson’s network of offices and clients throughout the UK and the skill and experience of its private client team behind us, MHA Caves Wealth can look forward to bringing our wealth management services to clients across the country.”

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