National advice firm acquires three more IFAs

Carmen Reichman
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National wealth manager Attivo group has acquired three more IFAs as part of its mission to achieve £1bn of funds under management (FUM) by end of 2017.

Attivo bought Worthing-based Lord & Company,Totnes-based South West Investment Consultants and an unnamed Burton-on-Trent IFA, bringing with them 560 active clients. The group plans to acquire a total of six IFA firms this year and 12 firms in 2015, effectively doubling in size. It already bought Northwood-based IFA Anthony Etkind & Co in April. Chief executive Stephen Harper said: "We have seen an increasing number of smaller IFAs wanting to exit from the market but requiring the reassurance that their clients will be looked after by a premium brand. "It takes a huge amount of ...

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