Chartwell acquires Bristol IFA firm Broadoak

It says the move is part of a “strategic expansion”, aimed at establishing the firm as one of the UK’s top IFA and broker firms. The acquisition takes Chartwell’s staff numbers to 100, advisory clients to 7,500 and direct and fund clients to 37,000. The group’s total combined annual turnover now exceeds £10m. Lord MacLaurin of Knebworth remains Chartwell chairman, while former Broadoak CEO Peter Hill becomes the Bristol office managing director. Chartwell CEO Jim Grant says the values and culture of Broadoak complemented Chartwell perfectly. “Being based in the south west, we can work p...