Attivo Group has completed its first two acquisitions since deferring its activity in April due to the coronavirus and lockdown.
The clients of London-based IFA Paratus Financial Planning will transfer to the group’s independent financial planning arm, Attivo Financial Planning.
Surrey-based IFA firm Sovereign Asset Management will continue as an appointed representative of Attivo Financial Services.
The financial terms of the deals were not disclosed.
Growth plan
This marks the start of a planned period of growth for Attivo Group, with 500 customers adding to its existing high net worth client base.
After putting growth plans on hold earlier in the year, Attivo Group said it “used the lockdown period as an opportunity to accelerate its transformation plan and complete the implementation of new back office systems, software and technology”.
Stephen Harper, chief executive at Attivo Group, said the “streamlined processes and integrated systems have enabled the financial planners to work much more efficiently and effectively, delivering a higher contact strategy to clients and ultimately providing a better, more valuable service”.
The firm added that “further acquisitions are in the pipeline for the next few months”.
