The company has not disclosed the amount it has paid for the majority stake in the firm, while the remaining 30% is owned by key staff.

The firm is run by chief executive Jeremy Wake and operates on a fee-only basis.

Post acquisition, Rowan Dartington will continue to offer clients its discretionary management service Signature alongside SHI.

Chief executive Graham Coxell remarked, "We became increasingly aware that our clients wanted a more comprehensive financial advice service to complement our existing stockbroking and fund management expertise."

"The acquisition of Stafford House Investments means that we are able to offer a much broader range of advice to our clients, across all aspects of personal financial planning and investments," Coxell added.

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