Ackermans & van Haaren is acquiring a 70% stake in London-based private client wealth manager JM Finn for around €67 million. The Belgian investment group is buying the stake through its wealth management affiliate Delen Investments.

The deal will be funded by Delen’s cash resources. The remaining stake will be retained by JM Finn’s existing management team and staff. JM Finn had £ 6.3 billion of funds under management as of April 30, 2011.

Click here for the release from Ackermans & van Haaren.