Elevation Wealth Management has purchased Wolverhampton-based IFA Thornton Claverley, boosting Elevation’s assets under management to more than £500mn.

This deal is the 13th acquisition of Elevation Wealth Management and has enabled the Birmingham-based firm to establish a new office in the Wolverhampton area.

Wholly owned by Elevation Financial Group, Elevation Wealth Management provides a personal and discreet financial planning service that aims to deliver integrated and specialist financial advice for corporate and private individuals.

Tony Smith, managing director of Elevation Wealth Management, said: “I am delighted Elevation has been able to bring such a quality practice into the group as Thornton Claverley – and it shows the appetite remains for practitioners to trust the future of their practice with IFAs of a similar background and values .”

“Elevation looks to provide a turn key solution for IFAs looking to retire supported by its IFA academy, which invests in a long term plan to develop young people through each facet of the advice and service process, whilst gaining formal qualification.

“The end result is designed to yield staff who at a young age, are very capable of carrying client relationships on into the future and being a critical bridge with the next family generations.”