Clifton Asset Management has acquired Plan For Life Wealth Management, a wealth manager based in Shewsbury.
The companies did not reveal the value of the transaction.
Go deeper with GlobalData
Plan for Life will retain its brand and continue to serve its clients.
As part of the deal, Clifton will offer additional systems as well as technical support to the acquired entity.
The deal is said to be the first carried out by Clifton as part of its plan to build a regional network of small advisory businesses.
The strategy marks a deviation from the usual advisory business acquisition model.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataClifton’s aim is to set up “Centres of Excellence” in key target areas.
Membership to these centres is said to be through acquisition or appointed representative status.
Through the centres, small firms will gain access to Clifton services.
Clifton group financial planning director Anthony Carty said: “Plan for Life is a great business that has been running since 2011 in a region not known as a ‘hub’ for financial services.
“We aim to build on the excellent work that Plan For Life has delivered thus far, with a package of services to enhance the customer journey still further.
“These services include our own low-cost investment platform, in house discretionary model portfolios and highly-interactive client portal.”
