Milecross Financial has completed the acquisition of The Martin Cliffe Practice, a financial planning firm based in Milton Keynes, marking its fourth acquisition of 2024.

The Martin Cliffe Practice serves around 650 clients, managing approximately £80m of client funds. As part of the deal, the firm’s team of seven, which includes four advisers and three administrative staff, will all join Milecross.

Milecross provides financial advice throughout the UK and has over 100 advisers across 30 locations advising clients on product areas, including pensions, investments, protection, and mortgages.

Milecross chief commercial officer Chris Thorndycraft said: “The Martin Cliffe Practice is a highly reputable practice with a team that shares the Milecross commitment to superb client service.

“Their wide experience in wealth management alongside an established mortgage book is a tremendous addition to the Milecross family.

“This acquisition also continues our strategy of establishing a presence in southern England and a wider footprint across the UK.”

Founder and financial adviser at The Martin Cliffe Practice, Martin Cliffe, said: “Selling your business is such a big step, but I already had a long and trusted relationship with key people at Milecross, and they really understood my business and what I wanted to achieve – both personally and for the team.

“I feel we’ve ended up with a real win-win for all – including, and most importantly, for our clients.”

This deal marks the fourth acquisition that Milecross has made this year, after also taking on Miskimmin Wealth, The Centre Court Partnership, and Osprey Financial Services.