Investment Solutions Wealth Management has bought Eastbourne-based Montgo Consulting for an undisclosed sum.
The acquisition brings Investment Solutions group assets under management to £600m ($848m, €695m).
It is Investment Solutions’ third acquisition.
Mike Grant, Montgo director, will retire after the completion of the deal.
Ivan Lyons, managing director of Investment Solutions Wealth Management, said: “Our third acquisition now provides us with a larger presence in East Sussex.
“We have been recognised as a pre-eminent chartered practice in West Sussex & we warmly look forward to welcoming Mike Grant’s clients to our Office in Worthing, West Sussex.”
Future deals
The IFA firm said that the acquisition is “consistent with Investment Solutions Group strategy of augmenting strong growth by partnering with like minded firms that share our high standards and for whom a smooth transition for their valued clients is imperative”.
Lyons added: “With no external shareholders – we are masters of our own destiny. We know that our tried and tested integration formula, provides an attractive new home for like-minded firms looking to move into retirement, with a proposition that is personalised to the vendors requirements.
“Our plan puts the continuity of the client’s financial planning journey at the forefront of everything we do. We continue to look for similar firms who share our values to join the Investment Solutions family’.
