Advanta Solutions has acquired City Financial Planning, further expanding its assets under management (AUM) by £800m.
This marks Advanta's second acquisition in 2024 and its ninth overall in the financial services sector. Earlier this year, Advanta completed the acquisition of Penney, Ruddy & Winter, a City of London-based firm. City Financial Planning, with offices in Bath and Exeter, is expected to bring Advanta a strengthened presence in the South West of England. Advanta was supported in this acquisition by Dow Schofield Watts and legal services from DLA Piper. Advanta director Tim Quirke said: "Becoming part of the Advanta family enables us to continue to grow the business that has its ori...
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