Liverpool financial services business CAM Wealth bought by Manx Financial

A wealth management business in Liverpool has been acquired by the Manx Financial Group for £210,000.
Lizz Ewart, who completed a management buyout of CAM with Derek Gawne in 2023, said the deal gives the business “growth prospects”.
She said: “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”.
AIM listed Manx Financial has been looking at “accretive acquisitions” as part of a wider consolidation wave in the financial advisory sector and says it is part of a plan to build a “robust and diversified financial services group to support the ongoing objective of continuously enhancing shareholder value.”
Albeit currently small, and formerly known as Charteris, the business has accompanying UK FCA licences, which Manx says will provide “an excellent platform from which we can build upon to provide general insurance products, together with full financial planning and investment services, to both retail and SME customers based in the UK.”
It also said Cam Wealth will provide synergies in conjunction with the Group owned Isle of Man IFA, Edgewater Associates Limited and to the 100,000 plus customers of Payment Assist Limited.
Douglas Grant, 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.”
The terms of the deal involve a three year earnout, capped and paid for with funds from the Manx Financial Group’s own resources.