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27
Jan

Abacus Money Management scoops up local IFA

Abacus Money Management Ltd announced today the acquisition of Westcliff Financial Management Ltd for an undisclosed figure.

Abacus Money Management, with offices in Bristol and Gloucestershire, specialises in face-to-face financial planning and investment management for high net worth and mass affluent clients in the south west.  The purchase of Somerset-based Westcliff Financial, brokered by M&A specialist Gunner & Co., strengthens their position in the region.

National broker Gunner & Co. mentioned this is only their second deal in the south west in the last 12 months, adding that the south west remains a key target area for consolidator acquisitions.

Westcliff director Mark Dyer will retire post sale.

Having had a very poor experience with another broker previously I found Gunner and Co. to be everything I feel I needed. Gwill Evans in Bristol was my contact from start to finish, providing answers to my questions and to many more I didn’t realise I needed to ask! Gwill demonstrated an excellent understanding of the market from both a seller and buyer perspective. He helped the negotiating process in the most professional way and was always available to provide updates, information and reassurance.

Mark Dyer, Westcliff Financial

This is the 4th deal for Noel Greaves, director of Abacus Money Management, which has focussed on both organic and acquisitive growth since Greaves took over in 2016.

Noel Greaves, Director of Abacus Money Management commented:

“This is an excellent opportunity for us. There are many synergies in how we deliver business, putting clients first.  We are well located geographically to continue delivering an excellent service to Mark’s clients.”

For more information about selling your business to Abacus Money Management contact gwill.evans@gunnerandco.com