Stafford House Investments (SHI) has completed its acquisition of the financial advisory business of AC Mole & Sons as part of ongoing expansion plans.
The deal will raise SFI’s funds under advice to more than £90 million.
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SHI, which is owned by Bristol-based wealth manager and stockbroker Rowan Dartington, has appointed Christopher Loveluck, a partner at AC Mole, as non-executive director.
As a part of the deal, AC Mole will retain its trading name and continue to operate from its Taunton office.
Loveluck said: "This is exciting news for ACMFS and our clients. Working with SHI will help us ensure that our clients’ investments are working harder than ever, helping to maximise returns."
Jeremy Wake chief executive of SHI said: "This was a natural step for us as we look for ways to grow our business. Both parties have worked together in the past and already have many clients in common.
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By GlobalData"With the advent of the retail distribution review, we believe this merger will, most importantly, benefit clients and enhance the service that both firms deliver," Wake added.
