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

PA Awards 2025: Provider shortlists revealed!

PA Awards 2025: Provider shortlists revealed!

Recognising the best in multi-asset and MPS investing, paraplanning, Consumer Duty, and more...

Professional Adviser
clock 27 November 2024 • 2 min read
Consumer Duty Alliance to launch international arm for expats

Consumer Duty Alliance to launch international arm for expats

The alliance to be chaired by Chartered financial practitioner Jane Hodges

Sahar Nazir
clock 27 November 2024 • 2 min read
FSCS places West Yorkshire-based investment advice firm in default

FSCS places West Yorkshire-based investment advice firm in default

FCA revoked its authorisation in September 2023

Sahar Nazir
clock 26 November 2024 • 1 min read