The Foster Denovo Group confirms the acquisition of Orchard Wealth Cultivation.
Orchard is a family run financial planning firm based in Kent, which provides clients with holistic financial advice and wealth management services. It was founded in 2005 by Mike and Sally Wiggins both of whom join Foster Denovo as permanent employees.
As part of the agreement, which completed on 11th February, Orchard’s clients will be incorporated into Foster Denovo and will continue to be led by Mike Wiggins. Mike joins Foster Denovo as a Senior Partner and is a chartered financial planner with 30 years’ experience.
Commenting on the acquisition, Roger Brosch, CEO of Foster Denovo said: “Foster Denovo is a facilitator within the market rather than a consolidator, and as such we are always looking to attract like-minded people and businesses who share our values, commitment to deliver excellent client service and ambition to grow.
“Having really got to know Mike and Sally over the last few months, it is clear that they have built a first class financial management, planning and advice service, and maintaining, exceptionally strong relationships with their clients is core to everything they do.”
Mike Wiggins, Chartered Financial Planner and Director, Orchard Wealth Cultivation added:
“A significant effort has been made over the last 3 years to find the right partner to help us grow, whilst retaining the close working relationships and values that remain so important to us. We believe we have found that in Foster Denovo. Roger and the team share our culture and values and together I feel we can build an even stronger proposition for our clients.”