National advice firm acquires three more IFAs

Carmen Reichman
clock

National wealth manager Attivo group has acquired three more IFAs as part of its mission to achieve £1bn of funds under management (FUM) by end of 2017.

Attivo bought Worthing-based Lord & Company,Totnes-based South West Investment Consultants and an unnamed Burton-on-Trent IFA, bringing with them 560 active clients. The group plans to acquire a total of six IFA firms this year and 12 firms in 2015, effectively doubling in size. It already bought Northwood-based IFA Anthony Etkind & Co in April. Chief executive Stephen Harper said: "We have seen an increasing number of smaller IFAs wanting to exit from the market but requiring the reassurance that their clients will be looked after by a premium brand. "It takes a huge amount of ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FSCS deposit protection limit could rise to £110,000

FSCS deposit protection limit could rise to £110,000

Proposal would take effect from December 2025 if approved

Sahar Nazir
clock 31 March 2025 • 2 min read
PDG responds to FCA Pure Protection Market Study update

PDG responds to FCA Pure Protection Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
Rathbones labels two funds under 'Sustainability Focus' category

Rathbones labels two funds under 'Sustainability Focus' category

Effective from 2 April

Sorin Dojan
clock 31 March 2025 • 1 min read