Financial advice firms Smith & Pinching and Almary Green are to combine operations in East Anglia.
The companies have worked together over the past three years, with a spokesperson stating the partnership will allow further investment in technical resources and skills.
From Monday 8 October, the firms will operate from Smith & Pinching’s premises with Almary Green’s managing director, Carl Lamb, joining the Smith & Pinching board of directors.
Almary Green had previously been in talks with Standard Life's advice arm 1825 but the deal eventually fell through in September 2016 "in the interests of certainty for clients and staff".
David Hughff, managing director at Smith & Pinching, said: "We are delighted that we have reached agreement to work collaboratively with Almary Green going forward.
"This move strengthens our presence in the region and as we move towards completely combining the two firms, we will be aligning processes and learning from each other to provide a solid platform for future growth."
Mr Lamb said the partnership was good news for the clients of both firms.
He said: "By pooling our expertise and resources, we can bring greater choice and flexibility. For example, Almary Green clients will be given immediate access to Smith & Pinching’s highly successful discretionary investment management service."
rachel.addison@ft.com
