Amber River Group has bought Renishaw-based IFA firm Future Life Wealth Management for an undisclosed sum.
The firm will be be part of the consolidator’s Yorkshire-based hub Amber River Leodis Wealth. The news follows the acquisition of York-based Atkinson Powell Financial Management in July.
With funding and support from parent company Amber River Group, the acquisitions of Atkinson Powell Financial Management and Future Life Wealth Management take Amber River Leodis Wealth’s assets under advice to £515m ($644m, €600m) and 33 employees, including nine advisers, across three locations.
Under the deal terms, the two businesses will remain at their current offices. All members of staff including the senior management teams will remain in place, with the two businesses retaining their current names and branding for the time being.
Founded in 1988 and led by chief executive Simon Cocking, Amber River Leodis Wealth offers financial planning and advice to individuals and businesses in and around Leeds.
Cocking said: “We are delighted that Helen and Jillian, and their teams are becoming part of the Amber River family and joining us on this ambitious and exciting journey. We have been hugely impressed with what they have all achieved and see potential to build something really special which will help more people and businesses in our community achieve their financial goals.
“With the backing and support of the wider group, our plan is to further grow the business and we have ambitious targets. These latest acquisitions take us one step closer to reaching our goal of becoming the first-choice advice and investment management firm for the people and businesses of Yorkshire and beyond.”
