Harwood Wealth is to float on AIM.
The UK based financial planning and discretionary wealth management group intends to launch an initial public offering and placing.
Sole broker and nominated adviser is N+1 Singer.
In an over-subscribed fund raising, £13.5m has been raised of which £10m is new equity for the company. The proceeds will be used to fund acquisitions and infrastructure costs.
Since its formation in 2001 as Compass Wealth Management by Neil Dunkley and Mark Howard, the firm has grown mainly by acquisition and share purchases.
Conditional upon Admission, the firm will acquire investment management Wellian Investment Solutions. In February Harwood acquired Meon Valley Financial Planning.
