Accountancy firm completes fifth acquisition this year

Stephen Jones and Michael Smith

Castle Donington-headquartered Cooper Parry has acquired financial planning firm Chamberlyns to its wealth team.

The move marks the fifth deal for the B Crop Certified accountancy firm this year, after landing investment from Waterland Private Equity in 2022.

Cooper Parry added Ihorizon and Acclivity to its tech & high-growth team in February, and then included Future Perfect in April.

In September, the firm further expanded by merging with Haines Watts London and its associated businesses, boosting its size to 1,150 staff and a turnover of £125m.

CPW’s managed assets now surpass £1.3bn, supported by a team of roughly 70 professionals.

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 joins Cooper Parry Wealth as 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.”