National IFA firm Chase De Vere has announced the acquisition of Medical Money Management, a company that specialises in providing financial advice to the medical, dental and related professions.
The deal will formally complete on Monday 23 October, and see Medical Money Management’s team of 16 partners and 64 employees join Chase De Vere.
This will add 30 financial advisers to the Chase De Vere roster.
Stephen Kavanagh, chief executive of Chase De Vere, said: “Chase de Vere is a secure and profitable independent financial advice company. We are aiming to grow our business and so I’m delighted that we will acquire Medical Money Management.
“This acquisition is another big step forward in our aim to be the leading firm of independent financial advisers in the UK.”
Craig Watson, an equity partner in Medical Money Management said: ““The Partners of Medical Money Management conducted comprehensive research into the future requirements of our business and the infrastructure needed to maintain an expert financial advice practice.
"We concluded that it is best for our clients and our employees for us to become part of a larger company.
“It is imperative for us that we remain independent, we did not want to join a restricted advice firm. "