UK national adviser firm Wren Sterling has completed the acquisition of In Focus Group for an undisclosed amount, adding £450m of assets and 2,500 clients to the group’s business.
Nine advisers and 10 support team members will transfer to Wren Sterling as the firm’s Fareham office will become Wren Sterling’s new Solent office on the south coast.
This is the third deal Wren Sterling has made this year having completed the acquisition of the Financial Planning division of the Kent-based insurance broker and financial adviser the Howe Maxted Group in July and in March buying £265m AUM Newcastle-under-Lyme firm TW Financial Planning.
The In Focus Group is led by managing director Nick Stewart and is comprised of two other companies previously acquired by In Focus, namely Certus and Hughes Carne.
Wren Sterling CEO James Twining said: “Nick and his team have built a business through careful acquisition but also high levels of entrepreneurialism, which aligns with our strategy to give our advisers the freedom to grow their business.
“As well as drive growth, acquisitions such as this enable us to bring highly talented people into our business who bring a range of expertise, experience and insights that we and our clients can benefit from.
“The south coast is an important strategic location for us too. It gives us the ability to expand across Southampton, Portsmouth and the surrounding area.”
Stewart added: “Access to Wren Sterling’s resources and structure will allow us to continue to grow, whilst focussing on delivering high quality personalised advice and excellent client service. What’s more, Wren Sterling’s experience in completing acquisitions means we could transition with the minimum of disruption to our clients.
“We have the support to expand the Solent office in future once we’re settled, so I’m optimistic about the future of the business and excited to get started.”
