Cheltenham-based weatlh management firm Attivo Group has acquired the client book of Kent-based Valiant Financial Consultants Ltd, which has sold up as a result of the increasing regulator demands that have resulted from the Retail Distribution Review.
The acquisition will expand the group’s assets under management and advice by £60m to almost £400m, continuing the group’s “buy and build” strategy. Valiant Financial Consultants was associated with solicitors firm Clarkson Wright & Jakes.
According to a statement from Attivo, the decision to transfer the business to Attivo was taken in view of the “increasingly complicated regulatory environment for smaller firms”, following the introduction of Retail Distribution Review earlier this year.
Sam Smith, head of private client engagement at Attivo Group said: “The opportunity to acquire a private client base of high net-worth individuals, with a similar investment profile to our other clients, significantly strengthens our presence in the south east.
“Being chartered financial planners with a specialist investment management arm proved a winning formula. Major investment in state of the art technology also means that clients benefit from 24/7 online access to their portfolios as well as the highest level of client service.
“Our acquisition strategy focuses on a strong client-led approach with an emphasis on developing personal relationships through regular contact and communications. We are looking forward to meeting each client personally and finding out how we can help them further with their investment and retirement planning.”
