National IFA firm Helm Godfrey has acquired City-based IFA Howard & Co in the latest stage of its ambitious expansion plans.
Helm, run by managing director Bruce Wilson, will absorb Howard & Co’s three registered individuals, including owner and tax specialist John Mather, into its City headquarters.
The addition of Howard & Co, with its client base of high net-worth individuals, will boost Helm’s annual turnover, which in 2006 rose 50% to £6m from £4m in 2005, by a further £800,000.
The firm currently has 36 advisers, including five hired this year, and aims to have 70 advisers by 2009 through a series of tie-ups and acquisitions.
Since launch in 1999, the business has grown considerably through a combination of organic growth and acquisitions, the most recent of which was Fresh Finance. The management is actively seeking out other quality IFA firms to acquire.
Wilson said: “We are always looking for good people to join the business and they don’t come much better than John and his team. As quality advisers servicing high net-worth clients they will not only enhance our offering to clients but will also add considerable value to the business.”
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