IFA firm buys Yorkshire-based advice company

It has three more M&A deals in the pipeline.

Harrogate-based independent financial adviser firm Prosperis has bought MHI Ltd of Bridlington, Yorkshire for an undisclosed sum.

Financial advice business MHI has around £23m ($31.8m, €26.9m) in assets under management.

This is Prosperis’ third acquisition and the company told International Adviser that it has three more M&A deals in the pipeline.

Prosperis was established over 20 years ago and employees 15 staff. It provides individual and corporate advice to more than 1,000 clients and businesses throughout the region.

Read the full article on International Adviser here.

We have an existing relationship with Prosperis so if you would like to know more about selling your business to Prosperis, get in touch with Josh Lee.