Increasing South Coast-based wealth supervisor and adviser agency Skerritts Group has acquired Kent-based Monetary Planning agency Ambrose Fisher.
Ambrose Fisher is a Chartered Monetary Planning agency and can add £62m in belongings below administration to the group.
Skerritts stated the deal will lengthen its presence within the area because the agency seems to be for additional acquisition alternatives.
Paul Feeney, CEO of Skerritts, stated: “Including a high-quality Chartered Monetary Planning agency akin to Ambrose Fisher to the group allows us to not solely enhance our presence within the South East, but additionally strikes us one step nearer to turning into Britain’s premier Chartered Monetary Planner. We very a lot sit up for working with Simon and welcoming him to our nice staff at Skerritts.”
Skerritts has a head workplace in Brighton and Hove with about 50 workers serving 35,000 purchasers.
In March 2021, UK personal fairness agency Sovereign Capital Companions invested £55m in Skerritts to gasoline enlargement.
Skerritts stated the funding has enabled it to hurry up its enlargement plans and for the reason that new funding Skerrits has acquired 9 corporations, together with six throughout the final 18 months.
In 2022, Skerritts accomplished 4 acquisitions, including new workplaces in Kent, Hampshire and London and about £560 million of AUM.
In January this yr, one other acquisition was introduced with the acquisition of Kent-based Monetary Planning Agency, Equinox Wealth Restricted, which introduced one other £62 million of AUM.
Simon Fisher, director of Ambrose Fisher, stated the agency had been in search of an acquirer as a part of its succession planning.
He stated: “I’ve spent some appreciable time trying totally at potential firms that would be sure that we’re totally resourced and are capable of proceed to supply the total vary of providers to our purchasers. I’ve additionally been taking a longer-term view almost about succession planning. It was apparent that Skerritts are your best option for the safeguarding of our purchasers’ monetary future.”
Skerrits is a Chartered Monetary Planning agency and discretionary funding supervisor based mostly within the south west. It has acquired a number of Monetary Planning corporations within the south of England lately.
