Thomas Miller Investment (TMI), a member of the UK-based Thomas Miller Group of companies, has completed the acquisition of Broadstone Wealth Management with the approval of Financial Conduct Authority (FCA).
The Broadstone acquisition raises Thomas Miller Investment’s assets under management (AuM) to £2.8bn, with approximately 90 staff across 7 locations.
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Mike Balfour, chief executive officer of TMI, said: "Broadstone is an important addition to our business and demonstrates our ambitions within the investment and wealth management sector. We are perfectly placed to provide the services that clients require in a complex and economically uncertain landscape."
The deal is part of Thomas Miller Investment’s strategy to create a leading investment and wealth management business, both organically and through acquisition.
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