Blake Morgan advises Surrey’s Foster Denovo on four deals in six months

Law firm Blake Morgan has supported financial advisory business Foster Denovo on four acquisitions in less than six months as the Surrey-based company expands across the UK.

Blake Morgan’s team – led by corporate partner Stojan Essex – has helped the business break into Scotland and grow its footprint across the Midlands.

Stojan and colleagues advised Foster Denovo on its acquisition of two established advisory firms in Glasgow – Rosemount Asset Management and Verum Wealth – which collectively has bolstered the business with over £250 million of assets. 

It also advised on Foster Denovo’s purchase of Leicestershire-based advisory firm 80Twenty, which contributed over £500 million under management and funds under influence.

Blake Morgan also supported the business in acquiring Staffordshire-based Brian Mole Independent Financial Advisers, which has contributed close to £300 million of assets under advice.

The deals were completed between late summer 2024 and early 2025.

Stojan Essex, partner at Blake Morgan, said: “It’s been a pleasure to work with the skilled and dedicated team at Foster Denovo, as they pursue their ambitious and measured expansion across the UK.

“We’re proud to have played a part in getting these four acquisitions over the line, including the deals to establish Foster Denovo’s first office in Scotland – a landmark moment for the business.”

Blake Morgan has acted for Foster Denovo for many years, having previously advised the business in 2022 when it secured up to £100 million of funding from US private equity firm Crestline.

Roger Brosch, CEO of Foster Denovo, added: “A great deal of work goes into ensuring the right acquisitions and the right outcome for all involved and Blake Morgan plays a big part in this.

“Over the years, Stojan and the wider team’s experience and counsel in this specialised area have been invaluable, as is their professional yet flexible approach.

“With a promising pipeline for 2025, we know we can rely on their energy and expertise as we continue to move forward.”