Goldman Sachs-backed national accountancy and advisory group AAB has expanded its financial planning division through the simultaneous acquisition of BpH Wealth Management, based in Hertfordshire, and Jane Smith Financial Planning, based in Olney, Buckinghamshire, taking AAB Wealth's total assets under advice to £2.5bn (€3bn) and its staff headcount to more than 130.

Business Sale Report reported that the deals represent the sixth and seventh transactions completed by AAB Wealth since 2023, and that both firms will rebrand to AAB Wealth following regulatory approval.

BpH Wealth Management was founded by Michael Freedman in 1984 and employs more than 20 people. Freedman said joining AAB Wealth would strengthen the firm's ability to deliver client-focused services, and that with the additional expertise, resources, and support of the wider team, clients can continue to receive thoughtful, personal advice while navigating an increasingly complex financial landscape.

Jane Smith Financial Planning was established in 1994 and is now led by certified financial planner Nicola Watts, daughter of founder Jane Smith. Watts said joining AAB Wealth gives the firm the opportunity to further develop client services while preserving the client-first ethos that defines the business, and that it was important to find a strong cultural fit with another accredited financial planning firm sharing its commitment to true financial planning.

Andrew Dines, head of AAB Wealth, said reaching £2.5bn in assets under advice and expanding the team to over 130 professionals demonstrates the strength of the firm's proposition and the demand for a modern, progressive personal financial planning business.

Dines said both firms bring expertise, cultural alignment, and a commitment to delivering strong client outcomes through AAB Wealth's sustainable investment approach.

Read the full report on AAB Wealth's double acquisition.