Consolidator grabs four IFAs; grasps at further eight

Laura Miller
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Chartered financial planning firm and consolidator Attivo has acquired the client banks of a further four IFA businesses, taking the total to five in 2015 and putting the business on target for 12 by year end.

The four firms are spread widely across the UK, and each fit Attivo's model of buying client banks that are relatively small - around the 150 client mark. Porter DeVere based in Hertfordshire has 130 active clients; Lifetime Financial Partnership, based in north London, has over 180; and Pearson Financial Services based in Bracknell which has over 180 active clients. Morgan Fitzgerald in Worcester has also been acquired, but client numbers are unavailable. The acquisitions come as Professional Adviser can exclusively reveal Attivo's key financials for 2014, unaudited.   Half ...

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