One Four Nine acquires Plymouth-based firm under new CEO

The firm looks to expand in the southwest of England with the acquisition of Rainbird & Co

Sahar Nazir
clock • 1 min read

National IFA One Four Nine has acquired Plymouth-based financial advice firm Rainbird & Co, marking its first acquisition under new chief executive Gabrielle Beaumont.

The deal also marks One Four Nine's eighth acquisition and its expansion in the South West. Beaumont, who was One Four Nine's managing director, took the reins last week when founder Matthew Bugden stepped down to devote more time to his family. Rainbird & Co was founded in 1997 and advises over 350 clients on investment, pensions and protection. With the addition of Rainbird & Co to the One Four Nine group, the firm now has a total of 33 advisers serving 4,300 clients, and managing £1.4bn of client assets. Beaumont said: "We have been looking to establish a South West location ...

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