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Heartwood spurns multiple takeover approaches

The boutique wealth manager has attracted interest from larger rivals and banks, but is happy to stick with its independent model

Heartwood Wealth, the London and Tunbridge Wells-based wealth manager, has rejected “a number” of takeover approaches from larger rivals and global banks, Financial News has learnt.

Heartwood, which has £1bn of assets under management, has received "a number" of enquiries over the past 18 months and they "continue to come," according to a source close to the 20-year old private bank.

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