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Bermans advises finance planning firm on management ownership transaction
Bermans Jon Davage and Laura McMorland recently advised the management team at Clarion Wealth Planning Limited on its management ownership transaction.
Ron Walker, founder and owner of financial planning firm, Clarion Wealth Planning Limited, who are based in Alderley Edge, sold the majority of his shareholding to the firms current management team, who have acquired 60% of the shareholding of the company.
Founder Ron will remain with the business for at least five more years following the transition to management ownership and Chairman Keith Thompson will also continue with the company for the foreseeable future.
A important factor of the deal was making sure that Clarion remains independently managed and is not absorbed by a larger consolidator. Since the company was set up, it has been family-owned, with shares owned by Ron Walker and other family members.
Ron Walker said that his goal in founding the company was “to build a financial planning firm that was commercially successful but compassionate and holistic”.
Walker said that, with the help of the team, this ambition had been realised and that the company had many clients that “have worked with us across multiple decades and multiple generations”.
“Going forward,” Walker added, “Clarion will remain in the hands of those who have played an integral role in growing and nurturing the business into what it is today. So, clients can trust that our commitment to excellence and care will continue and that their relationship with Clarion and their financial planner will remain.”
John Winstanley (Clarion Management Team) said: “Our commitment to delivering the highest level of service remains unchanged, and Ron will continue to work with Clarion over the next five years to ensure a smooth and seamless transition.”