Stockport-based IFA AJ Smith and Co has been acquired by rival neighbour Prest Financial Services for an undisclosed sum.
Prest managing director Graham Prest says AJ Smith represented a "very good fit" with the business, which was established in 1961. "We identified there was a great deal of synergy between AJ Smith and Co and our own business, along with an opportunity to spread the range of our existing client base, so it presented a very good fit," he says. "The deal is part of our ongoing strategy to develop and grow the company through the acquisition of high quality businesses."
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