Pivotal Growth has acquired mortgage and protection broker Morrison Ward Associates Limited (MWA).

The London-based broker targets mid-to high net worth clients and was founded by chief executive John Morrison in 2006.

MWA is the 12th acquisition made by Pivotal Growth as it continues its expansion of the Pivotal Group and builds its mortgage and protection broker offering.

The firm acquired prominent broker John Charcol in April this year and Select Mortgage & Financial Solutions and Select Brokers in January.

Pivotal Growth chief executive officer Simon Embley says: “I welcome MWA to the Pivotal family.

“MWA is a highly regarded mortgage and protection broker whose investment philosophy and strategic goals perfectly align with Pivotal’s.

“John Morrison also brings a wealth of experience to the wider Pivotal Group and so we are particularly looking forward to using his skills and expertise to enhance its capabilities.”

Morrison says: “MWA is delighted to join Pivotal Growth and very much look forward to working alongside other companies in the Group; sharing ideas and practices to achieve growth, profitability, and diversity. I am certain that the next few years will be incredibly exciting for everyone involved and expect we’ll have more good news to celebrate in the future.”