Mergers and acquisitions  

Clifton AM adds £130mn AUM with IFA purchase

Clifton AM adds £130mn AUM with IFA purchase
Anthony Carty, group financial planning director at Clifton Asset Management

Clifton Asset Management has bought Stroud-based financial advisers, Noble James Associates, for an undisclosed amount.

As part of the deal, Noble James Associates’ team of three advisers will move over to Clifton AM.

Noble James Associates is an IFA that was established in 1999 and each of its advisers has over 20 years of industry experience. 

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With assets under management of £130mn, the purchase of Noble James Associates will take Clifton’s total AUM to £970mn. 

Noble James Associates’ personal finance director James Brown, said: “During the process of deciding to sell the business we had talked to several other acquirers but in Clifton Asset Management we found a firm with the same ethics and ethos - where just doing the right job is so important. 

“It’s very hard to find the right people when it comes to making the final decision to sell, but we’re very well matched with Clifton and in a strong position for future growth through continuing to provide an excellent service to our clients.”

In July, Clifton AM bought Aberdeen-based Burnett & Reid Wealth Management, adding £180mn to its AUM. 

This came after an announcement that Cliftom AM had received a significant first round of funding from independent asset manager, Boost & Co, to accelerate its ‘buy and build’ acquisition strategy. 

Clifton AM group financial planning director Anthony Carty, said: “We are particularly thrilled to be working with the highly experienced team at Noble James. 

“Their client focus and commitment to great outcomes mirrors our philosophy at Clifton. This latest acquisition also highlights that our planned acquisition strategy is on course and delivering value to clients as planned.”

Personal finance director at Noble James, Alistair Bidmead, added: “We were particularly attracted by the resources that Clifton has to offer. 

“The infrastructure and the staff will allow our adviser team to do what they do best rather than also trying to juggle multiple back-office tasks as they do at present. This can only be a win-win for our clients and our adviser team.”

In August 2021, Clifton completed the acquisition of Leonard Gold Financial Management, after preparing for the deal for two years.

Clifton first announced the purchase of Leonard Gold Financial Management in September 2019 as part of its plans to build a regional network of small advice businesses. 

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