Clifton Wealth Partnership has bought Wales-based Lifestyle Financial Advice for an undisclosed sum.
The firm from Talbot Green provides financial planning services to 400 households with £75mn of assets under management.
Company director Iain Atmore will stay in his role following the acquisition.
He said: “I recognised Lifestyle needed to enter a new phase in its evolution and was determined to identify an acquirer that demonstrated the same central ethos towards client relationships.
“Having spoken with 20-plus firms, it became obvious that Clifton prioritises clients in the same way as we do here at Lifestyle Financial Advice.
“Furthermore, a smooth transition for my clients was of the utmost importance because these relationships have been nurtured over many years and I will continue to work for my clients going forward.”
Clifton Wealth Partnership is part of the wider Clifton Group which has more than £3bn in assets under management.
The firm has previously snapped up nine other financial planning businesses this year, adding a total of £721mn in assets under management.
It most recently bought Grovebridge Financial and Clifton Business Consultancy.
Anthony Carty, managing director at Clifton Wealth Partnership, said: “Our aim now is to use our market-leading technology and in-house regulatory expertise to ease the pressures that advisers like Iain feel every day and free up more of his incredibly valuable time to get back to doing what he loves, spending time focused on clients.”
alina.khan@ft.com
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