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Attivo acquires Reading-based advice firm for undisclosed sum

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.”

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