Torquil Clark signs new acquisition deals

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Torquil Clark has just signed two deals to acquire specialist life broker LifePolicies Direct and PS Employee Benefits, in a move which should boost the adviser group further up the ranks of the top 20 UK IFAs.

These latest acquisitions by Torquil Clark - for undisclosed sums - gives the combined group a combined turnover of around £9m as well as a move into corporate client sector with the acquisition of PS. While most aspects of the business will remain unchanged at LifePolicies, says Jason King, managing director and founding partner alongside Simon Platt, the telephone and internet-based life distributor - with a turnover of £4m and 40 staff - will relocate from its Telford office to TQ’s Wolverhampton office. King and Platt will retain an equity stake in the business, but both felt the...

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