IFA Newell Palmer has bought Northampton-based Lane Wealth Management, its largest acquisition to date, as part of growth plans to grow funds under management (FUM) in excess of £2bn.
The acquisition has added £100m FUM, bringing Newell Palmer's total FUM to £1.35bn. It has also brought in 150 active clients, who will be serviced by Newell Palmer's Bromsgrove office. The move comes as part of Newell Palmer's growth plans and came into play partly due to the planned retirement of Lane Wealth Management principal Edwin Lane. Lane Wealth offers financial, investment and pension advice to clients both locally and nationally. This is the firm's 44th acquisition in 20 years, with two more acquisitions due to complete before the end of 2017. Newell Palmer has a further...
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