OakNorth Bank completes tailored loan facility to MRW Group to support its IFA buy-and-build strategy, with three initial acquisitions.
OakNorth, the neobank for entrepreneurs, by entrepreneurs, has completed a tailored loan facility to MRW Group to support its buy-and-build strategy, starting with the acquisition of three IFA businesses.
The transaction brings together Emet Financial Services, founded in 2015, Merlin Wealth Planning, founded in 2018, and Mayfayre Financial Services, founded in 2004, under a newly established and independently owned holding company, MRW Group. James Moyses and Adam Royce, founders of Merlin Wealth Planning, will join MRW Group.
The combined Group has completed ten acquisitions since 2019 and the loan facility from OakNorth will be used to accelerate its acquisition programme.
About MRW Group: The Group provides independent financial planning, investment, and pensions advice to both individuals and corporates, serving over 1,500 clients with over £150 million of assets under management. The Group currently has offices in Cambridgeshire, Buckinghamshire, and Somerset, with further expansion planned.