Harwood Wealth Management Group Plc (AIM:HW.) acquired Fund Management Limited from Ian and Diana Head for £1.1 million on April 30, 2018. The purchase price consists of an initial cash consideration of £0.57 million, which will be satisfied through Harwood's existing cash resources. The deferred consideration of £0.57 million will be payable in two tranches over the next 24 months, subject to performance criteria of Fund Management Limited being achieved. Fund Management Limited will continue to operate as a standalone brand and its director, Ian Head will remain as a financial adviser. The transaction was approved by the Financial Conduct Authority (FCA). Alex Price and Michael Taylor of N+1 Singer Advisory LLP acted as the financial advisor to Harwood Wealth Management Group Plc. Harwood Wealth Management Group Plc (AIM:HW.) completed the acquisition of Fund Management Limited from Ian and Diana Head on April 30, 2018.