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Almary Green acquires Lowestoft-based IFA

Advice firm Almary Green Investments has acquired Lowestoft-based Jones Financial Planning for an undisclosed sum.

Five members of staff from Jones Financial, which was founded ten years ago, will join Almary Green as part of the deal, and its Lowestoft office will be retained as a branch office.

Jones Financial managing director Steve Jones will not be joining Almary Green and will instead set up his own firm – Jones Financial (Norwich) Ltd. However, Jones’s son, Charles, is making the switch.

Almary Green managing director Carl Lamb says: “We are committed to growing Almary Green. But we will only take on the right partners – those who share our ethos and approach. Steve, Charles and their support team are a valuable addition to Almary Green.”

Jones says: “Financial advice has seen a rise in the amount of administration support needed in recent years which has created an increasing management burden. This move will allow me to concentrate on providing advice to my clients and to grow the business in the Waveney Valley in the years to come.”

Almary Green was established in 2001 and employed around 50 people before the acquisition.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Jabba The Hutt 7th April 2015 at 4:19 pm

    I acquired a sandwich at lunchtime and I not going to reveal how much I spent either!

  2. “Jones says: “Financial advice has seen a rise in the amount of administration support needed in recent years which has created an increasing management burden.”

    How true ! I know 1st hand as, I did the same 4 years ago, however the admin is still there, and with it, so is the burden !
    The FCA need to start to realise that because of this; you will see no real innovation, competition, or smooth running of the industry ?
    What we do have in bucket loads is an aversion to innovate, compete, and a industry that is so clunky its like riding a bike with square wheels !

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