Independent financial planning firm Attivo Group has acquired Darlington-based Ashburn Wealth Management for an undisclosed sum.
The deal was announced by the corporate finance advisory team at Transcend Corporate which worked with the shareholders of Ashburn on the sale.
Ashburn provides a range of wealth planning solutions for private and corporate clients. Its roughly £200m in funds under management will be added to Attivo’s current FUM balance of £3bn.
The company was set up in Cheltenham by Stephen Waite and Nicholas Millar in 2008. Waite will remain with the business and continue with Attivo following the sale.
Stephen Harper, chairman of Attivo, said: “We are delighted with the acquisition of Ashburn. This brings a valued portfolio of clients to Attivo and we look forward to continuing to provide high-quality, personal financial planning services to them. We welcome the Ashburn team to our business and look forward to working together into the future.”
This story originated on our sister title, International Adviser.
