AFH Financial Group has acquired Michael Mac Wealth Management in its nineteenth deal since 2011.
The deal is its sixth since the Retail Distribution Review (RDR) was implemented.
Michael Mac is a wealth manager based in Bishopton, near Stratford-Upon-Avon, with about £8m of funds under management. In its most recently completed financial year, Michael Mac had recurring revenues of £83,477.
The owner and vendor of Michael Mac is leaving the industry and its 750 clients will be transferred to advisers at AFH following the acquisition.
The maximum consideration for the acquisition is just over half a million pounds.
AFH chairman and chief executive Alan Hudson said: "The first quarter of this financial year has started well with high activity at the company.
"I am pleased to welcome Michael Mac's clients to AFH Financial Group where they will immediately benefit from the breadth and quality of the services that we provide."
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September