Hoxton Capital Management has acquired Devine Financial Management, a financial advisory firm based in Southend and London. This marks Hoxton’s third acquisition of a UK-based adviser firm this year, bringing its total assets under management to over £1.6 billion.

The international firm, which operates offices in the UK, UAE, US, Australia, South Africa, and Europe, continues its strategic growth with this latest purchase. The previous acquisitions were completed in April 2024.

Devine Financial Management is known for its expertise in pensions and investments, particularly in income drawdown, taxation advice, and managing client portfolios within pensions, ISAs, and general investments.

Thomas Maddison, Hoxton Capital Management’s acquisitions director, commented: “We are thrilled to welcome Devine Financial Management to the Hoxton family. This acquisition strengthens our presence in the south-east and enhances our ability to provide comprehensive financial advice to clients in the region.”

In a statement to clients, Devine Financial Management announced: “Following careful consideration, Tony (Antony Devine) has chosen to retire, and we have decided to merge with Hoxton Group. The Hoxton Group is dedicated to maintaining the high standards of professionalism, integrity, and personalised service that our clients expect.

“Effective from 22 May 2024, Hoxton Group has officially acquired Devine Financial Management. Clients will continue to receive services through Devine Financial Management Ltd, and after a transition period, the company will be rebranded to reflect its new affiliation with Hoxton Group.”