Courtiers has acquired Davidsons IFA, an advice firm based in Okehampton and Wadebridge.
The transaction brings £120m in funds under management to Courtiers, generating a total of almost £1.1bn. Similarly, its number of staff will increase to 125 with the addition of the Davidsons team. Meanwhile, managing director at Davidsons, Craig Davidson, will continue servicing his clients in the Davidsons office.
Mr Davidson said: “Courtiers is a natural match for us. Their investment credentials are excellent, while their client-focus ethos means our clients will be well-looked after.”
Courtiers already has offices in Staffordshire, Derbyshire and Oxfordshire: significantly, the acquisition represents an marked expansion into the south-west.
Jamie Shepperd, Courtiers chief executive, commented: “Courtiers and Davidsons are a perfect match. We share a commitment to putting clients first, and doing business in a way that’s modern. Meanwhile, we also represent the traditional values that we’ve both been able to build on over decades.
“Having met Craig and his colleagues, I know that they share the commitment that everyone at the firm has to make this a great success.”
The deal comes after a number of successful acquisitions made by Courtiers, including the purchase of Paragon and De Brae.
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