UK’s Wealth management and insurance firm Gibbs Denley has completed the acquisition of Essex-based financial adviser Elliot Financial Management.
The deal will add to the assets of the firm with the enlarged group’s total assets under direct management amounting close to £300m, reported East Anglian Daily Times.
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Elliot Financial Management will continue operations from its existing Chelmsford offices with both the firms providing their clients with services to manage their assets on electronic trading platforms.
Gibbs Denley managing director Mark Denley said: "We see ourselves as one of the larger independently owned financial services groups in East Anglia. We already have a strong presence in Cambridgeshire and Suffolk, so this expansion to include Essex gives us excellent local coverage."
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