Wealth management firm Attivo has acquired Reading-based advice firm Sanderson Financial Consultancy for an undisclosed sum.
Sanderson has 190 active clients, £16m in funds under management and recurring income of over £130,000 a year.
Attivo chief executive Stephen Harper says the firm is targeting 12 acquisitions in 2015.
He says: “The acquisition of Sanderson is the first business past the post this year but we have a number of other IFA businesses at due diligence stage and I expect to make further announcements shortly.”
Sanderson managing director Tony Main adds: “My clients are hugely important to me and the prime consideration for me was how they would be looked after once my business was transferred. I did not want Sanderson clients complaining to me about the service, or lack of it, from a new firm.
“I entered this financial services sector to offer my clients a first class investment and wealth management service and I am confident that, with Attivo, they will continue to receive the excellent investment advice which they deserve.”