Wealth at Work makes Yorkshire move
FINANCIAL education and employee benefits consultancy Wealth at Work has acquired a stake in a Yorkshire business which advises clients of professional services firms.
The Liverpool company, backed by Manchester-based Palatine Private Equity since a £6m deal a year ago, has invested in Harrogate firm Marshall Zoing.
Marshall Zoing provided wealth management, pensions, tax planning and trustee investment advice to clients of accountancy and law firms. Its services dovetail with those already offered by Wealth at Work.
Wealth at Work chief executive David Cassidy, said: “Our partnership with Marshall Zoing will ensure our ground-breaking services of financial education, advice and wealth management can now be applied to a new market due to the very strong links Marshall Zoing have with professional services firms, such as lawyers and accountants.
“I am very much looking forward to working with the team to develop this service further.”
Howard Marshall, director of Marshall Zoing, added: “Wealth at work will provide access to significant resources and expertise and allow Marshall Zoing clients to benefit from a unique and market leading investment service and a competitive charging structure that are normally reserved for institutional investors.”
Gary Tipper, managing partner, Palatine Private Equity, said: “The acquisition of a majority stake in Marshall Zoing is the first step of the buy-and-build strategy we have agreed with the Wealth at Work management team. This new distribution channel allows for the complementary skill sets of both firms to be maximised.”
