Recent deals

April 2023
Hines advises on the sale of Creative Wealth Management’s business to Saltus Partners LLP

Hines Associates (“Hines”) is delighted to announce that it advised Creative Wealth Management on the sale of its business to Saltus Partners LLP

Hines acted as financial adviser to Creative Wealth Management (“CWM”) on the sale of its business to Saltus Partners LLP.

From its founding in 2008, Creative Benefits Group offered wealth management services to individuals within the pension schemes on which they advised and latterly external clients who could benefit from CWM’s pensions and wealth management expertise.

CWM had grown into a high-quality financial advisory business with assets under advice of some £250m when Creative Benefits, advised by Hines, sold its employee benefits and master trust business to Cushon in early 2022.

Hines was engaged to find a suitable home for the now demerged wealth management business that could offer career development opportunities to its advisers, a good home for employees and a firm which could offer CWM’s clients continuity of service and enhanced investment options.

Saltus Partners LLP, a £3.1bn wealth management firm offering an integrated advisory and investment management proposition, was able to provide solutions for each of these objectives. In addition, Hines and Saltus worked together to develop an innovative structure to deliver value over time to CWM’s shareholders as the client book was transferred to Saltus.

Craig Harrison, Managing Director of CWM said:

“We hired Hines for their understanding of our business and the full range of potential buyers in the market with their diverse requirements and risk appetites. We are extremely pleased with our new home and are particularly grateful to Hines for their patience and willingness to work through the issues so as to deliver the best deal for our advisers, employees and shareholders”.