Thinc Group has acquired Crest Financial Group, a Bristol-based adviser, and its associated mortgage and IFA businesses for an undisclosed sum.
The deal is the third acquisition by Thinc in as many months, as part of its growth strategy.
Crest has a total of nine advisers, split across tied, mortgage and IFA business, which will be integrated into Thinc.
Commenting on the deal, John Simmonds, chief executive of Thinc Group, says: “Crest Financial Group is a valuable addition to the Thinc group. This acquisition is in line with our strategy to expand the group and grow the number of advisers within it.”
Thinc has been growing its business organically and through acquisitions for some time and has recently acquired Cameron Scott and PIFC Consulting.
Recently, Thinc’s head of wealth management, Patrick Murphy, said he thought the IFA industry would consolidate in the coming years as adviser firms attempt to cope with rising capital adequacy and professional requirements.
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