Clifton AM acquires GB Financial Services and reaches £1.2bn in AUM

Acquisition represents the fourth for the firm in nine months

Hope William-Smith
clock • 1 min read

Clifton Asset Management has acquired Wombourne-based GB Financial Services in a deal that will see its assets under management (AUM) increase to £1.2bn.

The acquisition - announced today (3 April) - is the sixth overall for Clifton AM and it's fourth deal in nine months. A total of 550 clients will move under Clifton AM with the total number of assets it will also take ownership of having been boosted following its receival of funding from Boost&Co last July. GB Financial Services principals Barry Hamblett and Sally Mynett will join the Clifton Wealth Partnership advisory team in a consultancy capacity for a period of two years, as part of the deal. Clifton AM group financial planning director Athony Carty said: "Adding to our nati...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA warns firms and finfluencers to 'keep social media ads lawful'

FCA warns firms and finfluencers to 'keep social media ads lawful'

Regulator sets guidance for financial services promotion

Isabel Baxter
clock 26 March 2024 • 3 min read
PA Awards 2024: Winners' photo gallery from the night!

PA Awards 2024: Winners' photo gallery from the night!

The industry's best were celebrated in London last Wednesday

Professional Adviser
clock 26 March 2024 • 1 min read
CII to reduce headcount by eight to 'deliver better outcomes'

CII to reduce headcount by eight to 'deliver better outcomes'

Part of the group’s plan to streamline processes and services

Isabel Baxter
clock 26 March 2024 • 1 min read