Harwood Wealth Management Group (HW.)

Sector:

Financials

Index:

FTSE AIM All-Share

 160.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 160.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 62.54m
  • Volume: 0
  • Market Cap: £100.07m
  • Beta: 0.13

Harwood Wealth Management scoops up retirement specialists Plan65

By Duncan Ferris

Date: Monday 23 Apr 2018

LONDON (ShareCast) - (WebFG News) - Financial planning firm Harwood Wealth Management has acquired the assets of retirement solutions specialist Plan65 LTD, according to an announcement on Monday.
The acquisition, which will cost £1.56m depending on the fulfillment of performance criteria, will see Plan65's £42m worth of assets under management integrated into Harwood's subsidiary company Compass Wealth Management Consultants.

An initial cash consideration of £810,068 will be funded through Harwood's existing cash resources before the remaining potential amount is paid in two installments over the next two years.

Peter Mann, non-executive chairman of Harwood Wealth Management group, said "In line with our strategy to acquire IFA firms which share our values and culture, we are very pleased to have completed the asset acquisition from P65. Since its inception in 2011, Keith and Doug have built a successful business and we wish them well for their future. We look forward to continuing to provide P65's clients with continued expert advice and exceptional service."

Harwood also acquired wealth manager and financial planner AE Financial Services for £4.6m in March as part of its growth strategy.

Plan65's founders and current owners Keith Turner and Doug Raeboth plan to retire following the acquisition.

As of 1022 BST, Harwood Wealth Management's shares were up 3.33% at 155.00p.

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HW. Market Data

Currency UK Pounds
Share Price 160.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 160.00
52 Week Low 115.00
Volume 0
Shares Issued 62.54m
Market Cap £100.07m
Beta 0.13

HW. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.67% below the market average65.67% below the market average65.67% below the market average65.67% below the market average65.67% below the market average
60.29% below the sector average60.29% below the sector average60.29% below the sector average60.29% below the sector average60.29% below the sector average
Price Trend
38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average
49.32% above the sector average49.32% above the sector average49.32% above the sector average49.32% above the sector average49.32% above the sector average
Income
2.79% above the market average2.79% above the market average2.79% above the market average2.79% above the market average2.79% above the market average
9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average
Growth
97.64% above the market average97.64% above the market average97.64% above the market average97.64% above the market average97.64% above the market average
95.08% above the sector average95.08% above the sector average95.08% above the sector average95.08% above the sector average95.08% above the sector average

HW. Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Oct-19 25-Apr-19
Paid 08-Nov-19 10-May-19
Amount 1.17p 2.42p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

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