Finitor Wealth has acquired Ascent Financial Consulting and Financial Management Bureau, based in Leamington Spa and Kendal, respectively. The deals were brokered by Gunner & Co.

Finitor made the acquisitions after securing significant investment from Rockpool Investments, a private equity firm based in London.

The deal will add around £440m assets under advice to Finitor – £250m from FMB, and £190 from Ascent – bringing its total AUA to £1.1bn.

Commenting on the deal, Louise Jeffreys from Gunner & Co. said: “We worked extensively with each business to set their succession planning objectives, develop their understanding of the IFA acquisition market and ultimately introducing the buyer that could meet their needs.  Finitor was a great fit for these businesses, giving the leadership teams the opportunity to grow and develop their businesses with increased support.”

Under the terms of the deal, both FMB and Ascent will retain their brand and continue to operate relatively autonomously.

Paul Stokes, chief executive at Finitor said, “Finitor Wealth are delighted to have raised investment with Rockpool and this investment has allowed us to grow through the exciting addition of two high quality firms, Ascent Financial Consulting and FMB. We look forward to working with the teams at FMB & Ascent as they continue on their respective journeys.”

To discuss selling your business to Finitor, speak with Louise Jeffreys –

Louise Jeffreys is managing director of Gunner & Co, an IFA broker with values based on strong relationships built on trust, credibility and value.

Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.