Clifton AM to acquire Portsmouth advice firm

In talks with 13 firms

Sophie King
clock • 2 min read

Clifton Asset Management has agreed to acquire Southsea-based firm Leonard Gold Financial Management and has said it is in talks with as many as 12 or 13 other businesses.

Leonard Gold Financial Management, which was originally part of Leonard Gold Chartered Accountants, will initially join the Clifton Wealth Partnership as an appointed representative with the downstream purchase set to take place in two years' time.  Clifton Wealth Partnership is a subsidiary of Clifton AM. It launched in June to allow smaller advice firms to compete with larger rivals by providing access to services and products under the Clifton umbrella.  Clifton group financial planning director Anthony Carty (pictured) said: "It's a bit of a leap of faith selling a business and so...

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 Companies

Tatton sees AUM reach £17.6bn as advice firm numbers grow

Tatton sees AUM reach £17.6bn as advice firm numbers grow

Discretionary fund manager records net flow increase of 28% to £2.3bn

Isabel Baxter
clock 16 April 2024 • 2 min read
New online platform launches for care-related advice

New online platform launches for care-related advice

To meet Consumer Duty and vulnerability regulatory expectations

Isabel Baxter
clock 16 April 2024 • 2 min read
HNW individual advice firm partners with Multiply AI

HNW individual advice firm partners with Multiply AI

OCM Wealth Management will use AI to roll out a new AR business model

Isabel Baxter
clock 15 April 2024 • 1 min read