Old Mutual Wealth has announced the acquisition of A&M Financial Services, an intermediary firm based in Chippenham, Wiltshire.
The acquisition adds £40m of assets under advice to the Old Mutual Wealth business.
Clients of the firm will be serviced from Old Mutual Wealth’s London office.
Old Mutual Wealth was created in 2015, and since then has made a swathe of acquisitions, and currently employs more than 50 financial advisers.
The firm had assets under administration of £131.3bn in the last set of accounts, covering the period to 30 September 2017.
Dominic Rose, director at Old Mutual Wealth client advisers said: ““This is a fantastic opportunity to grow our business and give A&M’s clients continued access to quality, face-to-face financial planning. A&M is a firm that has focused on providing a personalised service in London and the South East of England, making it a good cultural fit with Old Mutual Wealth Private Client Advisers and our commitment to providing exemplary client service.”