Consulting Consortium to target small advisory firms

Regulatory compliance support firm The Consulting Consortium has acquired rival firm Swaines for an undisclosed sum, in a bid to target small advisory businesses.

Following the purchase Allen Swaine will remain in his role as chief executive of Swaines, which will be known as a TCC group company.

Joanne Smith, chief executive of The Consulting Consortium, said: “Smaller, niche firms are in need of a quality-driven regulatory service provider, like TCC, in what is a fragmented market predominantly consisting of many small compliance providers.

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“The addition of Swaines into the TCC group of companies strengthens our intermediary proposition and enables us to consolidate further the UK regulatory services market affirming TCC’s market-leading status.”

Mr Swaine said: “Being part of the TCC Group will benefit our clients and target market of smaller advisory firms enormously.

“We now have additional skilled resources and expertise at our disposal within the TCC Group to tackle all regulatory issues, which can only add value to our clients. Swaines style of personal and bespoke servicing will remain unchanged.”