CompaniesMay 23 2013

Bradbury Hamilton brings new client banks on board

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The firm’s managing director said the acquisitions were part of its post-RDR growth strategy, which has seen it acquire more than 40 client banks, with more to follow this year.

Harry Ford, of London-based Ford Reynolds and Associates, will bring his 300 clients and assets under management of £25m under the umbrella of Bradbury Hamilton, with Manchester-based Ian Jones of Ian Jones and Associates doing the same with his firm’s 150 clients and AUM of £10m.

Both advisers will continue to service their own clients, in addition to new contacts through Bradbury Hamilton’s database, and will be able to access the firm’s paraplanning and administrative support systems.

Mr Bradbury said: “Harry and Ian bring a wealth of experience and knowledge with them, and are a perfect fit for the Bradbury Hamilton model.”

Acquisitions

Bradbury Hamilton’s programme of acquisitions follows that of national wealth manager and IFA consolidator Bellpenny, which since its launch in 2012, has grown to an adviser workforce of 17 advisers and assets under management of more than £500m.

Towry has also been busy aquiring firms, with chief executive Andrew Fisher claiming in April it was in talks to buy up to 85 firms across the UK.

Elsewhere, Derbyshire-based Sterling McCall added £35m to its AUM by acquiring Lincolnshire firm Sutcliffe Solloway Financial Planning, while Sanlam Private Wealth and Cheshire-based Jones Sheridan Financial Consulting have also been busy over the past six months.