CHARTWELL Group Limited, the IFA and broker firm, has acquired Broadoak Group Limited, the Bristol-based IFA.
The acquisition brings Chartwell’s total number of staff to 100, advisory clients to 7,500 and direct and fund clients to 37,000. The Bath-based firm now has a combined annual turnover in excess of £10m. All former Broadoak staff will remain as Chartwell employees and continue to operate from the offices in Queen Square, Bristol, where Peter Hill, the former CEO of Broadoak, will become Managing Director. Chartwell CEO, Jim Grant, said: “We are an ambitious firm with a strategic vision and Broadoak fits our values and culture perfectly. Being based in the south west, we can work particu...
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