Old Mutual Wealth's (OMW) national advice firm OMW Private Client Advisers has acquired Cumbria-based financial planning firm Dodd Murray, adding £205m of assets to its books.
The deal will see three of Dodd Murray's advisers join the business, as well as additional support staff.
Dodd Murray's Carlisle office will become a regional office of OMW Private Client Advisers, alongside its existing Chester, London, Devon, Birmingham and Yorkshire premises.
Following completion of the acquisition, Dodd Murray managing director Chris Fuller will become a regional director at the national.
Dodd Murray was formed in 2007 when Dodd Financial merged with Murray & Fuller, both firms with an established presence in the region.
Fuller said: "Becoming part of Old Mutual Wealth Private Client Advisers gives us access to the scale and resource required to grow our business.
"Along with all my colleagues I am excited to be joining [the firm] and I know it is the right long-term partner for us and our clients."
OMW Private Client Advisers managing director Nigel Speirs said: "As we approach two years since the launch of Old Mutual Wealth Private Client Advisers, it is exciting for us that the business continues to grow through the acquisition of high-quality financial planning firms like Dodd Murray."
This year OMW has already acquired Maestro Financial Service, Infiniti Financial Planning, along with Premier Planning and Premier Wealth. In February, it also exchanged contracts for a takeover with adviser network Caerus via its parent network Intrinsic.
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