Clifton AM to acquire Portsmouth advice firm

In talks with 13 firms

Sophie King
clock • 2 min read

Clifton Asset Management has agreed to acquire Southsea-based firm Leonard Gold Financial Management and has said it is in talks with as many as 12 or 13 other businesses.

Leonard Gold Financial Management, which was originally part of Leonard Gold Chartered Accountants, will initially join the Clifton Wealth Partnership as an appointed representative with the downstream purchase set to take place in two years' time.  Clifton Wealth Partnership is a subsidiary of Clifton AM. It launched in June to allow smaller advice firms to compete with larger rivals by providing access to services and products under the Clifton umbrella.  Clifton group financial planning director Anthony Carty (pictured) said: "It's a bit of a leap of faith selling a business and so...

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