Attivo in acquisition hat-trick
Fri, 24th October 2014

Attivo in acquisition hat-trick

Cheltenham-based Attivo has acquired three businesses in a bid to meet its target of managing £1bn of funds by 2017.

The deals are part of its strategy to acquire six Independent Financial Advisory (IFA) companies by the end of 2014 and a further 15 next year to meet the target.

It purchased Totnes-based South West Investment Consultants, Lord & Company (Financial Advisors) Ltd in Worthing and another business in Burton-on-Trent.

"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," said Attivo chief executive Stephen Harper.

"Attivo can offer full wealth management services, including Chartered Financial Planning, DFM, SIPP and SSAS arms supported by our client serving teams.

"In addition, we have the funds available to acquire smaller IFA firms that are presently being overlooked by the larger consolidators. It takes a huge amount of resources to complete the appropriate due diligence required to take on client banks, and quite simply, larger consolidators do not find it worth their while to look at IFAs with smaller funds under influence."

category South West  |  source Insider Media