Financial services firm Beals group has acquired Clinton Kennard Associates, adding £70m to its funds under management (FUM).
The addition of Clinton Kennard brings Beals' total FUM to approximately £250m. Beals group has part-acquired Clinton Kennard with potential plans for full acquisition in the future, the firm said. Both firms are appointed representatives (AR) of Old Mutual Wealth adviser network Intrinsic, an arrangement that will continue post-merger. Clinton Kennard will operate in the financial services part of Beals group offering advice on pensions, investments, protection, mortgages and general insurance, adding its particular specialism in defined benefit transfer advice to the business. Be...
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