Thinc acquires Chambers Morgan James and Cavendish Financial Management

The two wealth management businesses in Wales bring 900 clients to the Thinc Group enhancing its position and collective funds under administration of more than £120 million.

Principals Julie Lord of Cavendish and Marlene Shalton of CMJ are both directors of the Institute of Financial Planning and Certified Financial Planners.

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John Simmonds, chief executive of Thinc, said: "This is a significant announcement for Thinc. Both firms have a strong reputation within the professional Financial Planning and Wealth Management community and bringing the two companies into Thinc increases our sphere of influence in this important area of the market.’

"We have aggressive expansion plans for this business and these acquisitions are an important factor in helping us to achieve these aims."

Julie Lord of Cavendish said: "We are really excited about the opportunity to join Thinc, especially as the Financial Planning process and ethos is so similar to our own. I am delighted that our aspirations for our small company have now been realised and that Thinc has such big and exciting plans for the Financial Planning profession in the future."