A Stockport-based financial advisory firm is looking to make acquisitions after it secured £4m to complete a management buy-out.
Cullen Wealth is headquartered in Heaton Mersey and has more than 3,000 clients and in excess of £1bn of assets under management.
Founded in March 1998 by Richard Cullen, the firm received a £4m loan from OakNorth Bank to complete the MBO.
Mr Cullen, the company's chairman and chief executive said: "Since our launch over two decades ago, we've had strong ambitions of growing a business that provides outstanding advice and service to clients.
"It therefore makes me hugely proud that we're now one of the leading independent financial advisory practices in the UK, helping individuals and businesses better their financial outcomes over time.
"The funding from OakNorth Bank will allow us to continue scaling the business further through potential acquisitions, we well as by strengthening our investment offering, helping us to build more long term relationships with out clients."
Stewart Haworth, director of debt finance at OakNorth Bank, added: "Richard is an industry stalwart who has deep-rooted experience of over three decades in the financial advisory space.
"It is this level of experience, coupled with the hugely talented team around him, that has allow Richard to build such a positive reputation for Cullen Wealth across the North West.
"With the financial advisory sector set for significant growth over the next five years, driven by increased confidence levels and overall wealth, as well as an ageing population and a rise in workplace pensions, Richard and his team are in a perfect position to capitalise on this tailwind.
"We're delighted to have been able to support such a well-renowned and established financial advisory firm and look forward to watching their growth story going forward."
