Oxford-based Courtiers announced this week the completion of the JRH Asset Management acquisition, and has said this is the first of three acquisition hoping to complete in the coming months.
Courtiers CEO, Jamie Shepperd has said acquisitions are a large part of their growth strategy over the coming years.
‘We are aiming to line up the next deal for April 2017,’ he said. ‘We have laid the groundwork for the next five years and are now out there looking to fill that capacity.’
It’s reported he’s looking to make around three to four acquisitions a year, assuming the opportunities are right.
JRH Asset Management carries a purchase price over £1 million and will add £62M of FUM to Courtiers. This is said to be followed with the completion of a DFM business acquisition which will add a further £20m, agreed in principal, and a further acquisition of a financial advice firm with £90m FUM is currently in negotiation and is tipped to complete by January next year.