Marlborough makes 'significant' investment in BMP Wealth

BMP Wealth is looking to grow its operations in Hong Kong and to expand into Singapore and China’s Greater Bay Area.

The company will use the investment to acquire adviser firms whose owners are looking to retire or leave the industry in the next few years. It is also interested in acquiring the client books of individual advisers who are planning to exit the industry.

Marlborough is one of the UK’s leading independently owned investment managers and also provides fund governance services and an investment platform for advisers and their clients. The group manages assets in excess of £17 billion.

In addition to working in partnership with a growing number of advice firms in the UK, Marlborough has ambitious plans for growth in the international market. The investment in BMP Wealth is Marlborough’s first in Asia.

Richard Goodall, CEO of Marlborough, said: “BMP Wealth have an exceptional team and our two businesses have a great deal in common. Like us, they have an entrepreneurial culture, a ‘can-do’ philosophy and a strong commitment to making a difference for clients by delivering first-class outcomes.

“They now have plans to expand outside Hong Kong and we have every confidence that they’ll go from strength to strength. Our investment highlights the partnership approach we take to working with adviser firms. We’re not looking to change anything. We believe BMP Wealth have excellent prospects and we’re keen to share in the success of what we believe to be an outstanding business.

“We’re working with an increasing number of adviser firms in the UK and internationally and we’re always looking for opportunities to partner with high-quality businesses like BMP Wealth.”

Howard Clark-Burton, CEO and Founding Director of BMP Wealth, said: “We have a clear growth strategy and we’ve already completed two acquisitions in Hong Kong. Marlborough’s investment will enable us to accelerate our plans through further acquisitions, in addition to the continuing organic growth of the business.

“We’ll be further building our operations in Hong Kong, while also expanding into Singapore, which has a well-established expat community, and China’s Greater Bay Area, where we see exciting growth potential. We believe these two areas offer very attractive additional long-term opportunities for us.”

Here’s how Investment International covered the announcement click here.

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