Acumen Financial Partnership has acquired advice firm Wyre Investment & Financial Management.
The deal will see the West Lancashire-based IFA take on 400 active clients and £40m in FUM.
Angela Maher, founder of Acumen, says the acquisition will help the firm cement its strength in the North.
Liz Warren, Wyre founder, and one administrative staff member will join Acumen’s current team of seventeen staff members, eight of which are advisers.
Maher says: “This acquisition is another important step forward as it sees us significantly increase our client base and open our first branch office.
It puts Acumen in a much stronger position as we look to continue to grow and develop our firm.
Sometimes people have sold out for what they’ve thought was a good deal and the consolidator has dismantled everything they’ve built up over their careers in front of them. No amount of money would be enough for us to let that happen.”
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Gunner & Co. work with IFAs looking to sell their business, and can give you more information if you wish – contact louise.jeffreys@gunnerandco.com
