iimia adds another planning practice to its advice operation

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Portfolio management and advisory firm iimia has acquired Kettering-based financial planning practices Solace Associates Limited, further its move into the financial planning market.

Having recently acquired Northampton-based Compton House, iimia has now widened its remit to hold around £220m of assets under management and expand slightly beyond financial planning as Solace was first established in 2001 by four accountants and solicitors firms. iimia also owns Eveleigh & Huckle, the Bournemouth financial planning practice which merged with iimia last year. The financial planning practice will sit alongside its investment management division, which manages portfolios on behalf of private clients, pension funds and charities; and fund management, which specialises i...

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