Two South Wales financial advisers have acquired Morris Brown, an advisory firm in Cyncoed, Cardiff. Philip Payne and Richard Bevington worked with Morris Brown partner Mark Morris to set up Mulberry Wealth Management and acquire Morris Brown. Payne, Mulberry's managing director, said: "We are looking forward to developing our client base across South Wales." Mulberry was advised by Howells Solicitors.
Background
The new company, Mulberry Wealth Management Limited, is a new venture by two local advisors, Philip Payne and Richard Bevington; working with Mark Morris, an existing partner in Morris Brown Limited. The company, will continue to deliver independent financial advice to personal and corporate clients across South Wales.
Howells Solicitors commercial team, headed up by Mark Hobbs, was responsible for advising Mulberry Wealth Management Limited on setting up its new company and purchasing Morris Brown Limited.
Philip Payne, managing director of Mulberry, said: “We are extremely grateful to Howells for all their legal expertise and top-class service. Purchasing a company involves a great deal of work, and it was a great help to have a trusted team at the end of the phone to answer all our queries every step of the way. We are now looking forward to developing our client base across South Wales, and of course, to welcome locals from Cyncoed into our high-street office.”
Rhidian Hobbs of Howells Solicitors who advised on the case, said: “We were delighted to assist Mulberry with their company purchase, at what is clearly a very exciting time for them. We wish them all the very best for the future”.