Cheshire IFA acquires ethical investor

Foresight Wealth Strategists has acquired Platinum Socially Responsible Investments for an undisclosed sum.

Cheshire-based Foresight will see £35m assets under management added to its business, as well as 160 clients. 

Platinum, which is based in Bury, deals with ethical investments, centred around their business principle that “value creation for shareholders ought to be aligned with value creation for society at large”.

Ray Boucher, principal at Platinum SRI, commented on his client-centric approach:  

“This focus has allowed me to develop strong client relationships, often allowing me to look after two or three generations of my clients.

“Foresight’s values as a financial planning firm very much align with my own and I am sure that I have made the right choice for my long-standing clients and the future of their financial planning.”

Simon Booth, chief executive of Foresight, said: “We have worked with Platinum SRI over many years and admire their approach, particularly in regard to socially responsible and ethical investment choices for their clients. 

“Their values closely match ours and it is for this reason it is a great acquisition.

“As we look ahead to the future of Foresight, we’ll continue to seek out further strategic acquisitions with companies who want to maintain the service for their clients, even after the sale of their business.”

The deal marks Foresight’s first acquisition.

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