Oval has acquired a Shropshire-based high net worth adviser business to bolster its offering in the financial advice market.
The firm, which also offers insurance broking services, bought Wills & Partners for an undisclosed sum.
Based in Market Drayton, Wills & Partners specialises in investment advice for wealthy individuals.
Oval says it plans to separate is advice and capital management businesses during 2009, with Peter Osbourne, a director at Wills & Partners, heading up the launch of a discretionary management service this year.
Commenting on the acquisition, Osbourne says: "Although we began our talks prior to the current economic situation fully taking hold, we are very pleased that Oval shares Wills' philosophy regarding the current volatility and feels incredibly well placed to deal with the coming year.
"We intend to work together to put plans in place to be able to provide clients with the most comprehensive, most strategic and above all most reliable advice possible"
Contact: John Bakie, Tel: 020 7484 9805, e-mail: [email protected]IFAonline
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