Hong Kong-based BMP Wealth receives ‘significant’ investment in acquisition from UK asset manager

Hong Kong-based financial planning and wealth management firm BMP Wealth has received a “significant” investment from UK investment group Marlborough to fund future strategic acquisitions.

BMP Wealth plans to expand its operations in Hong Kong and expand into Singapore and the Greater Bay Area in China.

The company will use this investment to acquire consulting companies whose owners plan to retire or leave the industry in the next few years. She is also interested in obtaining client books of individual advisors planning to leave the industry.

Marlborough is one of the UK’s leading independent investment managers and provides fund management services and an investment platform to advisers and their clients. The group manages assets worth in excess of £17 billion.

In addition to working with an increasing number of consultancies in the UK, Marlborough has ambitious plans to expand into the international market. The investment in BMP Wealth is Marlborough’s first investment in Asia.

Howard Clark-Burton, CEO and Founding Director of BMP Wealth, said: “We have a clear growth strategy and have already completed two acquisitions in Hong Kong. Marlborough’s investment will enable us to accelerate our plans through further acquisitions as well as further organic business growth.

“We will continue to grow our business in Hong Kong, while also expanding into Singapore, which has an established expatriate community, and China’s Greater Bay Area, where we see exciting growth potential. We believe that these two areas offer us very attractive additional long-term opportunities.”

Richard Goodall, CEO of Marlborough, said: “BMP Wealth has an exceptional team and our two companies have a lot in common. Like us, they have an entrepreneurial culture, a “can do” philosophy and a strong commitment to making a difference for clients by delivering top-notch results.

“They now have plans to expand beyond Hong Kong and we are confident that they will go from strength to strength. Our investment emphasizes the partnership approach to cooperation with consulting companies. We’re not going to change anything. We believe that BMP Wealth has excellent prospects and we are eager to share in the success of what we consider an exceptional company.

“We work with an increasing number of advisory firms in the UK and abroad and are always looking to partner with high-quality firms such as BMP Wealth.”

BMP Wealth was founded in 2017 by industry veterans Howard Clark-Burton, CEO, and Ian Marsh, Chief Investment Officer, and launched in 2018.

The Hong Kong-based company employs six senior wealth managers who provide financial planning and wealth management services to the expatriate and internationally minded community.

BMP Wealth is licensed by the Hong Kong Insurance Authority, the Securities and Futures Commission and the Compulsory Provident Scheme Authority.