Staffordshire-based independent financial advice firm Bank House Financial Planning has acquired local single-adviser firm Fox Whittle Financial Management.
The acquisition brings Bank House to £185m assets under management and about 450 clients. Fox Whittle founder and director Simon Aucott said his clients were "not for sale" and that he "would not ever consider approaching a consolidator" to take over his firm. The deal completed in August 2023 and Aucott stayed on throughout the move to advise clients under the Bank House umbrella. The idea of this acquisition was first considered in the summer of 2022, when Bank House director and head of compliance David Hipkiss approached Aucott, his next-door neighbour, for a conversation about...
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