South west IFA adds £25m assets in new acquisition
Shipman Financial Planning sees funds under management increase after purchase of CMC Financial Services.
South west-based IFA firm Shipman Financial Planning has acquired CMC Financial Services for an undisclosed sum.
CMC specialises in advising high net worth individuals located around its Budleigh Salterton base in East Devon and has over £25m in funds under management.
The CMC deal follows Shipman Financial Planning’s acquisition of Bovey Tracey-based C&M Financial Services in 2009 and further strengthens Shipman’s position as a regional sector leader.
Tom Glanville, director at Shipman Financial Planning, said: “As one of the longest established IFA firms in the UK, we have built a reputation for quality of service client care which has great appeal to other well established businesses where the owners are looking to sell or retire.
“They look for reassurance that the financial affairs of their clients, many of whom they will have advised for decades, will be in safe and capable hands”.