Dolfin buys peer Falcon’s business

(source: Unsplash/Luca Micheli)

UK-based wealth management platform Dolfin completed its acquisition of the business of London-based Falcon Private Wealth Ltd, according to a press statement. Dolfin has an MFSA-authorised subsidiary in Malta.

Dolfin believes that the transaction will help expand and diversify its client base considerably by adding around 300 new wealth management accounts to the business, with an additional $800m of client assets bringing the total of Dolfin’s client assets to more than $3b, the press statement says.

With the transaction going through, Falcon Private Wealth’s staff of 14 is joining the Dolfin team.

“The successful completion of this deal is important for two reasons. Firstly, it adds scale in terms of high-quality clients and wealth managers, in line with our international and emerging market strategy. Secondly, it demonstrates the huge appeal of our platform to demanding private clients and their advisers from many different parts of the world and – crucially – that, after six years in business, we have the management and execution capability to take on substantial new business despite the operational complexity involved,” says Denis Nagy, CEO at Dolfin.

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“In my mind, this cements Dolfin’s position as one of London’s fastest-growing wealth management platforms, the natural partner for clients and private bankers who want to get things done. We look forward to welcoming our new team members, and to offer our new clients both continuity in excellent relationship management and an enhanced range of services,” the CEO adds.

Dolfin is the trading name of Dolfin Financial (UK) Ltd, a company authorised and regulated by the Financial Conduct Authority and registered in England and Wales. Some of the services described are provided by Dolfin Asset Services Ltd, a company registered in Malta authorised and regulated by the Malta Financial Services Authority. Dolfin Financial (UK) and Dolfin Asset Services Ltd are subsidiaries of Dolfin Group Ltd, an exempted company organised under the laws of Bermuda.