Companies  

Bradbury Hamilton buys sections of client banks

The director, who set up the firm nearly 20 years ago, has acquired Hampshire-based Wealth Management’s client bank and a section of Surrey-based Thomas Hall Partnership.

Simon Vize, financial adviser and head of Wealth Management, and Dudley Hall, director of the Thomas Hall Partnership, have joined Bradbury Hamilton as introducers to the company.

According to a statement from Bradbury Hamilton, Wealth Management has 50 active clients and approximately £8m of funds under influence. Thomas Hall has 70 clients with about £5m of funds under influence.

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Mr Bradbury added: “Mr Vize and Mr Hall bring capability, experience and knowledge with them and suit the Bradbury Hamilton model perfectly.”

Background

Mr Bradbury is well-known for his acquisition strategy. In January 2011 Bradbury Hamilton teamed up with accountancy company Raffingers Stuart to acquire IFA Charter Mandell for an undisclosed sum.

In Firing Line in June 2013 he said the firm had acquired more than 40 client banks and would continue on the acquisition trail.

Mr Bradbury said that he is looking for advisory firms with a client list that might need a bit of work – something to which he can add value. Usually the firms bought have a turnover of up to £1m.

Bradbury Hamilton is a relatively small business and funds its acquisitions with its own money