By Intense Life Desires 
Dave Kendrick of CPW (centre) flanked by Gem’s Elliott Swatton (left) and Gareth Rees (right)
Regional Financial Planner Cooper Parry Wealth has acquired Wimbledon-based Chartered Financial Planner Gem & Co for an undisclosed amount.
The deal nudges up the Cooper Parry Wealth team close to 100, client families to more than 1,050 and funds under management to almost £2bn.
Gem & Co was founded by managing director Gareth Rees in 2001 to focus on a client base of professionals and HNWIs.
Mr Rees said: “Joining Cooper Parry Wealth supercharges our mission to bring Financial Planning to more people and deliver independent, evidence-based investment advice with even more pace and precision.”
He said the firm’s clients will see the same team, “now backed by greater scale, technology and specialist expertise. It’s growth without compromise and we can do even more of what changes clients’ lives for the better.”
Dave Kendrick, managing director, Cooper Parry Wealth, said: “What Gareth, Elliott and their team at Gem have created over the last 25 years aligns brilliantly with our vision.”
Derby-based Cooper Parry Wealth was set up in 1999 and in 2010 changed direction by scrapping the traditional wealth management model and creating a new proposition focused on successful individuals and their families. It has offices in the East Midlands, West Midlands and London.
The firm partnered with New York-based Lee Equity Partners in 2022 to accelerate its then plans to hit £4bn AUM by 2027. It is now targeting £50m+ revenue by 2028. The latest deal marks the firm’s eighth acquisition since partnering with Lee.
It took over £220m AUM Tunbridge Wells-based joint venture Creaseys Wealth in November 2023. In the same month it acquired Luton-based Chartered Financial Planning firm Chamberlyns for an undisclosed sum.
It acquired two other Financial Planning firms in 2023 including London-based Future Perfect in April.
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