Gloucestershire-based wealth manager Attivo Group has purchased Reading-based IFA Sanderson Financial Consulting for an undisclosed sum.
The acquisition will boost Attivo assets under management by £16m. Sanderson has 190 active clients and generates a recurring annual income of over £130,000.
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Attivo CEO Stephen Harper said that the firm is planning to increase its funds under management to £1bn by the end of 2015, with plans to double this figure by 2017.
"We have set ourselves the challenging target of 12 acquisitions in 2015," he added.
The acquisition follows Attivo’s plans to double the size of its workforce as part of a £2.5m recruitment campaign.
Under the expansion plan, out of the 90 newly created jobs by Attivo, 70 will be based at its Jessop House headquarters in Cheltenham, with the others across the South West, London and the South East.
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By GlobalDataFounded in 1998, Attivo Group now manages over £500m funds under management, administration and advice.
