Wealth manager The Inspire Group has said it plans to acquire some 20 IFA businesses over the next 18 months, with the aim of accumulating assets in excess of £1bn and making it a major player in the IFA sector.
The group, which currently comprises three regulated entities - Inspire IFA, Moore & York Wealth Management and Inspire Independent Financial Advisers - said two companies had already been acquired while another six are "in the immediate pipeline". Inspire is headed up by a six man executive team including Ian Gethin and Bill Doughty, both formerly of Abbey National and who founded the £900m Secondary Market Infrastructure fund in 2001. Group marketing director Paul Stanfield said: "We believe that the fact that these acquisitions will be internally funded provides us with a far more ...
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