Attivo Group, a UK-based wealth management firm, has purchased Anthony Etkind & Co, a London-based independent financial advisory firm, for an undisclosed sum.
As part of the deal, Attivo will take over the ongoing management of an additional £50 million funds under management on behalf of the Anthony Etkind’s 100 clients.
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Attivo is planning to double its current funds under management to £1 billion by 2017 with at least six adviser firm acquisitions planned for the next 12 months.
Stephen Harper, CEO of Attivo, said: "This is an important strategic acquisition for us as it brings some excellent new high net worth clients across.
"Anthony Etkind was particularly impressed with the fact that we could offer such a strong client focused proposition with our own DFM and in-house investment team, which makes for an excellent ongoing service proposition.
"He was also keen to ensure that his clients would have the option available to them to upgrade to full discretionary management as part of their ongoing advice and we are obviously delighted that he saw our strengths in this area."
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