Truinvest acquires NLP Financial Management and Birchwood Investment Management

The purchase of the two firms has taken Truinvest to £1.1bn of assets under advice and management, which was set up in 2019 by former Mattioli Woods' Mark Smith and Micky Johal. The acquisition, the firms said, will enable London-based NLP to form a better platform to focus on changing the way advice is delivered as the UK begins to exit the coronavirus pandemic. The fee for the acquisitions has not been disclosed. Hertfordshire-based Birchwood said there will be no change in operation following the purchase. It also said the business will continue as a separate regulated entity with ...