Applewood Wealth Management has acquired Shrewsbury-based IFA Simply Ethical for an undisclosed sum.
The firm, which provides ethical investment advice and was part of the Financial Limited network, has £20m in assets under management and a client base of 150. Its owner is retiring. The deal marks Applewood's second acquisition, following the purchase of North Wales-based Ravencourt last year. Karl Hartey, Applewood managing director, says the deal goes some way to achieving his target of amassing £100m in additional assets over a 12-month acquisition spree. "This deal, together with the purchase of Ravencourt, means we have acquired £60m in assets in four months," he says. Har...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes