Elevation Financial Group (EFG) has bought three IFA practices just days after it completed a debt raise to fund an “extensive acquisition programme”.
EFG has acquired Oakham-based J P Leefe and Company, Warwick-based Pendra Wealth Management, and bought a majority shareholding in Cedar Wealth Planning in Derby.
Neil King, principal of Cedar & Co, will remain a shareholder and director.
The financial terms of the deals were not disclosed.
Tony Smith, group managing director at Elevation, said: “Since being founded in 2011, we have grown rapidly and successfully through the adoption of a successful buy-and-integrate strategy.”
The firm plans to double in size by the end of 2021, increasing the funds it manages to £500m ($691m, €570m).
