Lockhart Capital Management, the UK-based financial planning and wealth management firm, has welcomed Northcote Equity as a minority investment partner to support the next phase of its long-term growth. The investment will enable Lockhart to continue investing in its clients, people and technology while preserving the firm’s independent culture and employee-led ownership model.

Founded in 2017, Lockhart manages more than £1 billion of client assets on behalf of more than 400 families. With offices in Cobham, Aberdeen, and Leeds, the firm provides highly personalised advice and investment management to a select group of high-net-worth individuals and families.

The partnership will enable Lockhart to continue enhancing its technology and infrastructure, further strengthen its team, attract high-quality advisers and specialists, and selectively expand its presence in existing and new regions. Clients will continue to benefit from the same highly personalised service, with no changes to their day-to-day relationships or fee arrangements.

Lockhart will remain majority owned and controlled by its employees, with the founding partners and wider management team retaining a significant ownership stake and continuing to lead the business.

Jon Bowes, CEO and Founding Partner at Lockhart, said: “Since founding Lockhart, our ambition has always been to build an enduring business that can support clients and their families for generations. This partnership strengthens our ability to deliver on that ambition. Northcote shares our long-term outlook and our belief that exceptional client outcomes are built on independence, trusted relationships and consistently high standards of advice. Their investment gives us additional resources to invest in our people, technology and future growth, while preserving the qualities that make Lockhart distinctive.”

Matthew Charman, Co-Founder at Northcote Equity, added: “When we first met Jon and the team, we were drawn to Lockhart’s focus on delivering exceptional client service, building long-term relationships and offering a market leading investment solution via Lockhart Asset Management. We are delighted to be partnering with Jon and the wider team to support the next stage of the firm’s development, while preserving the boutique culture and client-first approach that have underpinned its success.”

For further information:

Amber Liu, CDR: amber.liu@cdrconsultancy.com

About Lockhart Capital Management

Lockhart Capital Management is an independent UK financial planning and wealth management firm founded in 2017. The firm advises a select group of high-net-worth individuals and families, combining bespoke financial planning with a private investment office approach. With offices in Cobham, Aberdeen and Leeds, Lockhart manages more than £1 billion of client assets.

For more information, please visit: https://lockhartcapitalmanagement.com/.

Lockhart Capital Management was advised by Dyer Baade (Corporate Finance), Simmons & Simmons (Legal) and Saffery (Tax).

About Northcote Equity

Northcote Equity is a high-conviction investor in leading technology and services companies across the UK and Ireland. The firm invests in Founder-led companies, supporting both minority and majority investments to help businesses scale.

For more information, please visit: https://northcote.pe/.

Northcote Equity was advised by Investec (Corporate Finance), Sidley Austin (Legal), LEK (Commercial), KPMG (Financial), RSM (Tax) and Thistle Initiatives (Regulatory).