Worcestershire-based Newell Palmer Financial Planning has acquired another IFA firm as part of its parent company’s broader growth strategy.
The firm, part of Newell Palmer Group, acquired Jenner Financial Management, based in Oxfordshire.
Garry Godwin, managing director of Newell Palmer Financial Planning, said: “We have built up a good rapport and understanding of JFM’s business, and we look forward to working closely with JFM during the transitional period.
“We are always on the lookout for smaller businesses that fit well with our business model, and JFM is a client-driven business which fits into that category.”
Mark Jenner, principal of JFM, which specialises in pensions, investments, protection and mortgages, said: “We felt it was the right time to look at partnering with another business to take the business forward.
“However, we needed to feel confident that our clients would continue to receive the best possible advice and support.”
The industry has seen several advisory acquisitions in recent months. Earlier this year, Succession Group completed its 13th acquisition, buying Hampshire-based Cassidy Coutts Donald and Partners for a total of £1.5m.