British advisory firm Wren Sterling has added approximately £294m of assets and 550 new clients through a trio of acquisitions.
The acquired entities are Warwickshire-based Sentinel Private Clients, Cardiff-based Bookkeeping Administration Services (BKASL), and Bedfordshire-based Rothesay Intelligent Financial Services.
These deals, whose financial terms were undisclosed, follow Wren Sterling’s takeover of White Wells Investments in this February.
Andrew MacDonald, Louise Wheeler, and Francesca Shaughnessy from Sentinel have joined Wren Sterling to support the client transition process.
In addition, BKASL director Ray Jackson and Rothesay’s Rod Hamilton have moved into the company in the role of independent financial advisers.
The acquisitions have been carried out with support from Wren Sterling’s acquisition funding partner DunPort Capital Management.
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Wren Sterling CEO Ian Halley referred to the deals as ‘exactly the sort of acquisitions we believe have a great fit with the business’.
Halley said: “Each of these businesses are well-established with long standing client relationships, strong compliance cultures and I’m delighted that they have chosen to join Wren Sterling.”
He also divulged that the company is eyeing further acquisitions in the coming months.
Wren Sterling formerly operated as Towergate Financial and was rebranded in 2015 following a management buy-out. It offers financial advice, investment advice, and pensions advice.
At present, Wren Sterling has £4.6bn in assets under advice.
Last August, the company closed the purchase of Woking-based IFA Frobisher Capital from parent Corimar Holdings.
In July 2019, the firm bought Dunfermline-headquartered TD Armstrong Financial Planning.