London-based IFA Bradbury Hamilton has completed the acquisition of the 10,000-strong client bank of a liquidated adviser firm.
Bradbury Hamilton, which is approaching 40 acquisitions since it was established in 1993, has purchased the customer book of Caversham Buchanan, which was placed into administration in May. Managing director Sheriar Bradbury says the deal represents the start of an acquisition "spree" in a market he describes is "very good" for purchases. "This is clearly a difficult time for a great many adviser firms and I feel for the business owners who have to make the difficult decision to exit the market having built up a business and client bank from scratch in many cases," he says. "Howeve...
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