MHA MacIntyre Hudson takes majority stake in Cave & Sons to strengthen private wealth management offering

MHA MacIntyre Hudson is strengthening its suite of tax, advisory and wealth services for high net-worth clients with its purchase of a majority stake in Cave & Sons, the wealth manager and independent financial advisory (IFA) firm.

Following the deal, which has been approved by the Financial Conduct Authority (FCA), Cave & Sons will be renamed MHA Caves Wealth to reflect its ties to MHA MacIntyre Hudson. The deal will form the basis of a lasting partnership, with MHA Caves Wealth’s investment managers and financial advisers collaborating with MHA MacIntyre Hudson’s private wealth client teams across the latter firm’s network of regional offices. MHA Caves Wealth will continue to serve all of its existing clients while forming a core part of MHA MacIntyre Hudson’s comprehensive private wealth offering.

MHA MacIntyre Hudson and Cave & Sons are responding to increasing client demand for an integrated and holistic private wealth service, which incorporates discretionary and advisory wealth management alongside tax planning and other accounting and advisory services.

Led by Simon Harvey, Cave & Sons is one of the UK’s oldest wealth management firms. Founded in 1906, it specialises in the provision of discretionary and advisory wealth management and of independent financial advice. MHA MacIntyre Hudson is the largest member of MHA, the network of accountancy firms that together form the UK’s 12th largest accountancy group.

Rakesh Shaunak, Group Chairman of MHA MacIntyre Hudson and MHA, said:

“Increasingly owner-managers and high-net worth individuals want to see a comprehensive and fully integrated range of advisory and investment services from their providers. In addition, they want a highly personal, tailored wealth management service, responsive to specific individual needs with the highest levels of client service. Our partial acquisition of Cave & Sons, now MHA Caves Wealth, further strengthens our ability to provide this service. 

“From now on we can complement all our existing advisory services with the sophisticated, highly-professional, in-depth financial advice and wealth management offering that Cave & Sons is well known for.”

Simon Harvey, CEO of Cave & Sons, said:

“This deal enables MHA MacIntyre Hudson and MHA Caves Wealth to become a ‘one-stop shop’ for both new and existing clients’ wealth management needs. We aim to provide the full range of planning, advisory and wealth management services that business owners and high-net worth individuals require.

“The partnership between MHA MacIntyre Hudson and MHA Caves Wealth is also a springboard for future expansion. With MHA MacIntyre Hudson’s network of offices and clients throughout the UK and the skill and experience of its private client team behind us, MHA Caves Wealth can look forward to bringing our wealth management services to clients across the country.”

Further information about MHA Caves Wealth is available on www.mhacaves.co.uk