Harrogate-based IFA firm Prosperis has acquired financial services business AJ Hird for an undisclosed sum.
Skipton-based AJ Hird has around £40m assets under management, which means Prosperis will now manage assets worth more than £300m ($405m, €359m).
Chris Cundell, managing director of AJ Hird, will continue to lead the business. Ashley McCartney will join from Prosperis’ Harrogate office to support Cundell in developing the Skipton business further.
Paul Meehan, chairman of Prosperis, said: “We believe this is a great deal for the clients of AJ Hird. We will preserve and enhance the personal service being currently provided and look forward to welcoming all their clients to the group in due course.”
This is Prosperis’ third acquisition in 12 months. The company most recently bought Yorkshire-based MHI for an undisclosed sum in July.
