IFA consolidator Perspective Financial Group has acquired the clients of financial advisory firm Kingsworld Walder.
The move will see the former Kingsworld clients come under the control of Equilibrium Wealth Management, based at Perspective's office in Marlborough.
Kingsworld operated with funds under management of around £26m and a recurring income of £125,000 per annum.
Kingsworld Walder was based in Gillingham under the control of managing director Jeffrey Martina, who has now retired. None of the firm's existing staff will transfer to Equilibrium.
All of the Kingsworld's clients have been contacted and will be offered meetings with Equilibrium to make the transition as smooth as possible.
Damian Keeling, managing director of Perspective Financial Group, said: "While most of our acquisitions are of advisory practices which can fit comfortably into the Perspective structure, we are also supporting our regional offices with client bank purchases.
"The deal to bring the Kingsworld Walder client bank within Equilibrium has now been completed and we can begin the work to ensure the transition for those clients is as seamless as possible and that they continue to have access to first-class financial advice."
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception