Close Brothers Asset Management (CBAM) has purchased chartered financial planning company Eos Wealth Management for an undisclosed amount.
Incorporated by Sean Scahill and Peter Kelsey in 2010, Eos Wealth Management currently advises on over £300m client assets. It offers services to HNW customers, particularly in the media and sports industries
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The deal, which is subject to regulatory approval, will see Eos all 28 staff joining Close Brothers.
Close Brothers Asset Management CEO Martin Andrew said: "The acquisition of Eos Wealth Management fits perfectly with our strategy. It will be a pleasure to welcome new colleagues who share our ambition and will help us realise it."
CBAM head of advice Andy Cumming said: "I am thrilled to announce the acquisition of Eos Wealth Management, a firm that operates completely in accord with our values.
"Eos is completely client-focussed, chartered, and holds strong professional links. Its team of high calibre and ambitious advisers will complement our integrated wealth management offering perfectly and strengthen our presence in London."
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By GlobalDataKelsey said: "Close Brothers Asset Management fits the bill perfectly. The Company’s professional approach closely aligns with our own, and our clients will benefit from Close Brothers’ rigorous and successful approach to investment management."
In April 2015, Close Brothers acquired Edinburgh-based chartered financial planning firm Mackay Stewart & Brown.
