Wealth advisory group Attivo has bought Surrey-based C R Toogood Financial Planning for an undisclosed sum.
The deal marks the seventh acquisition by Attivo this year as it aims to achieve its growth targets.
In January 2014, Attivo announced a consolidation and acquisition strategy aiming to acquire six IFA firms that year and 12 firms in 2015 to reach a target of £1bn FUM by end of 2017.
Stephen Harper, chief executive of Attivo Group, said: “There is a lot of noise in the industry at the moment about consolidation and acquisition. My advice to any IFA thinking about selling their business is to look very carefully at the different propositions in the market.”
He added that he would “only consider a truly independent and a chartered firm, as restricted models are not right for all clients”.
According to Attivo, C R Toogood Financial Planning has more than 2,000 clients on its books, 180 of which are active.
Background
Founded by Mr Harper in 1988, Attivo Group has more than £500m funds under management, administration and advice with a three-year plan to increase to £2bn.
In August, Attivo acquired its sixth firm, the South Wales-based Davies, Edmunds and Co.
