Manx Financial Group has announced it has acquired the UK FCA licenced Wealth Management business, CAM Wealth Group Holdings and its subsidiary CAM Wealth Group, trading as CAM Wealth.
This purchase links to the Group’s growth strategy outlined in the December 2023 Chairman’s Statement, stating that it would look at accretive acquisitions to continue developing a robust and diversified financial services group to support the ongoing objective of continuously enhancing shareholder value.
Douglas Grant (pictured), the Group’s CEO, said: “The acquisition of CAM Wealth is a significant building block for Manx Financial Group. By integrating CAM Wealth’s expertise into our operations, we unlock opportunities to provide our UK customers with a comprehensive suite of financial planning, investment services, and insurance solutions. This acquisition aligns perfectly with our objective of enhancing shareholder value while exploring new avenues for growth within the UK’s financial landscape.”
Lizz Ewart, Director of CAM Wealth Group Holdings Limited, said: “I, and my fellow Director, Derek Gawne, are absolutely delighted to become part of the MFG Group of companies and look forward to the enhanced growth prospects afforded with this new relationship. We believe this is a real opportunity for us to assist MFG and their customers by providing a broader range of services and skills. We look forward to a mutually successful future.”
