Close Brothers Asset Management acquires advice firm PMN

High net worth client book

Jenna Brown
clock • 1 min read

Close Brothers Asset Management has acquired IFA business PMN Financial Management that manages nearly £300m in assets for high net worth clients.

PMN was founded in 1992 by partners Peter Neri and Mark Dipple and is based in Farnham. PMN's partners, advisers and support team will all join CBAM as part of the agreement. It has held Chartered status since 2008, its website states. Close Brothers said PMN's clients would benefit from its scale including its research capabilities and wither investment management services. Close Brothers Asset Management chief executive Martin Andrew said: "I am delighted to welcome PMN to the CBAM family, an acquisition which further underlines the fact that we are a dynamic and growing business. ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Companies

An ariel view of Peterborough Cathedral. Ravenscroft has offices in the city.

PE-backed Titan Wealth acquires Ravenscroft adding £600m AUM

Firm has offices in Peterborough and Bishop’s Stortford

Jenna Brown
clock 17 May 2023 • 1 min read
Andrew Croft

SJP bosses face investor backlash over 'windfall gain' remuneration

Institutional Shareholder Services urged clients to vote against package

Jenna Brown
clock 16 May 2023 • 2 min read
Adviser Services Holdings launches national advice business

Adviser Services Holdings launches national advice business

Acquired two advisory firms to form Lync Wealth Management

Jenna Brown
clock 05 April 2023 • 2 min read