Portfolio management and advisory firm iimia has acquired Kettering-based financial planning practices Solace Associates Limited, further its move into the financial planning market.
Having recently acquired Northampton-based Compton House, iimia has now widened its remit to hold around £220m of assets under management and expand slightly beyond financial planning as Solace was first established in 2001 by four accountants and solicitors firms.
iimia also owns Eveleigh & Huckle, the Bournemouth financial planning practice which merged with iimia last year.
The financial planning practice will sit alongside its investment management division, which manages portfolios on behalf of private clients, pension funds and charities; and fund management, which specialises in collective investment schemes and is adviser to iimia Accelerated Fund - a fund of Investment Trusts – launched in April 2003.
Solace was established in 2001 by Toller Hales & Collcutt - now Tollers - Meadows & Co, CFW, and Bewers Turner & Co, and offers advice covering the entire spectrum of financial products.IFAonline
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress