Oakglen Wealth buys Jersey financial planning firm
Independent investment manager Oakglen Wealth Holding, a subsidiary of Oakglen Group, has announced the acquisition of Homebuyer Financial Services (HBFS), a Jersey-based independent financial planning firm.
Homebuyer Financial Services is regulated in Jersey by the Jersey Financial Services Commission to carry out investment business. It has been in business since 1988.
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The independent, regulated advisory company has expertise and knowledge in financial planning and services.
This move is set to broaden Oakglen Wealth’s services to encompass comprehensive financial and retirement planning, in addition to its primary wealth and investment management offerings.
As part of the deal, Michael Barney, managing director of HBFS, and Marzena Dziewulska, director and partner of HBFS, will provide advisory support during the transition period.
The acquisition is stated to ensure service continuity for HBFS clients, as all staff members will remain with the company.
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By GlobalDataOakglen Group head of Wealth Management Jamie Crawford said: “Our goal has always been to provide clients with the highest quality advice, built around their individual needs. Bringing HBFS into the Oakglen Wealth group allows us to extend our services to include expert financial and retirement planning, while staying true to our core values of independence and personalisation. We look forward to welcoming the HBFS team and I look forward to working with Michael and Marzena to achieve a smooth handover.”
HBFS managing director Michael Barney said: “We are delighted that the sale of HBFS to Oakglen has completed. This is great news for HBFS clients as Oakglen will offer fresh solutions to HBFS clients. I am aware that I have personally looked after a number of clients for many years and I am excited to continue to work with Oakglen Wealth and HBFS going forward.”
Oakglen Wealth combines service orientated discretionary and advisory investment management. The company says its investment strategies and related services meet all of its clients’ needs.
In June 2024, Oakglen Wealth formed a partnership with Toscafund Asset Management, an expert investment manager, to create an inheritance tax solution that includes an Alternative Investment Market portfolio service.
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