Infocus Wealth Management has agreed to merge with PATRON Financial Services.
The merger will result in the establishment of a new wealth management business with 200 advisers and 50,000 clients.
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The merger, which is subject to Infocus shareholder approval, is expected to complete in late July.
Rod Bristow, managing director at Infocus, said: "We have spent considerable time reviewing the market to identify like-minded groups to join forces with Infocus. Merging with Patron provides the opportunity to leverage our capability to create a national, independently owned wealth management business of scale.
"This is a powerful vote of confidence in Infocus’ business model and strategy," he added.
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