Clifton Asset Management has made the first of what it plans to be a series of targeted acquisitions aimed at creating a regional network of small financial advisory businesses.
The firm called its acquisition of Shrewsbury-based Plan for Life Wealth Management "the first step" in its "blueprint for the future," which aims to build regional adviser footprints in key target areas around the country. Plan for Life will continue to trade under its own brand and retain ownership of its clients. Clifton, meanwhile, will provide the business with additional systems, technical support and expertise. Clifton said the new network would set out to disrupt the established advisory firm acquisition model by creating targeted, geographic "centres of excellence". The ce...
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