South West sees new firms and acquisitions

National wealth manager Ashcourt Rowan has opened a new office in Exeter as a “central point of contact” for the firm’s clients in the region following consolidation of its previous businesses in Torquay and Taunton.

Meanwhile, West Country-based advisory firm Stafford House Investments has bought Somerset-based AC Mole & Sons Financial Services – the advice division of an accountancy firm of the same name – for an undisclosed sum as part of ongoing expansion plans.

The deal will raise SHI’s total funds under management to more than £90m.

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SHI, which is owned by Bristol-based wealth manager and stockbroker Rowan Dartington, has also taken on a partner at AC Mole, Christopher Loveluck, as non-executive director.

AC Mole will retain its trading name and continue to operate from its Taunton office.

Jeremy Wake, chief executive of SHI, said: “This was a natural step for us as we look for ways to grow our business. Both parties have worked together in the past and already have many clients in common.”


SHI is among many firms hitting the acquisition trail. Scottish firm Argyle Consulting purchased Edinburgh Risk Management this month. National wealth manager Bellpenny made its biggest acquisition yet with Gloucestershire-based The County Partnership in May, bringing in an estimated £200m in funds under management.