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Cooper Parry has announced the acquisition of financial planning firm Chamberlyns to join the Cooper Parry Wealth (CPW) team.
Founded in 1997, Chamberlyns is an independent wealth management boutique and both a Chartered and Accredited Financial Planning firm.
This deal is Cooper Parry’s fifth acquisition of 2023 with ihorizon and Acclivity in the Tech & High Growth space in February.
The company also acquired Future Perfect in April, and Haines Watts London in September.
The deal takes CPW to over £1.3bn assets under management, with a headcount of around 70, while CP now consists of over 1,150 staff.
Stephen Jones, Cooper Parry Wealth CEO, said: “Chamberlyns is a business I’ve known and respected for many years since myself and Michael Smith (CEO) first met in a best practice group in March 2010. I’ve watched their progression closely since then and admired their principles of true financial planning and evidence-based investing because our businesses share so much common ground.
“Having met the rest of the Chamberlyns team over the years, I knew they’d be a perfect fit as we continue our deals through 2023 and beyond, positively impacting more lives and building a legacy to be proud of.”
Michael Smith, former Chamberlyns CEO and now CPW head of M&A and Proposition, said: “It feels like ideal timing for both businesses. There’s no question to me that Cooper Parry Wealth is one of the leading financial planning and wealth management businesses in the UK. And, as part of the wider Cooper Parry Group, it has that infrastructure and multi-disciplinary offering that would benefit Chamberlyns and our clients.
“We’re excited to be joining a business combining pedigree and continuous innovation in the early stages of its acquisition journey, and I’m sure we’ll go from strength to strength.”
