UK-based Gemini Wealth Management has entered into an agreement to purchase Simple Finance Solutions for an undisclosed sum.
The deal, which marks as Gemini’s seventh acquisition since its launch in 2006, will boost its funds under management to £230 million as well as expand its client base to 2,000 clients.
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As part of the deal, Gemini will acquire Simple Finance Solutions’ 450 pension and investment clients after director William Cooper focuses on general insurance and mortgage advice amid increasing costs and pressures.
In addition, the acquisition will boost Gemini’s total funds under management by £30 million.
Amanda Reid, director at Gemini, said that the acquisition marks as a key part of the firm’s long-term growth strategy.
‘These acquisitions continue to emphasise Gemini’s strategy of actively growing for the future with the aim of becoming one of the top IFA firms in the West Midlands,’ Reid added.
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