The deal has been funded by Buckles’ parent company, Sanlam UK.
Brian and Dolly Pickering established the firm over 40 years ago and it now has £100m of client assets under advice. All liabilities for past business will remain with the Pickerings.
In February 2008 HME refused to pay four Financial Ombudsman Service case fees of £360 each after the complaints were found in favour of the firm. Trowbridge County Court found the FOS’s practice of charging firms for the cost of dealing with complaints that are rejected was “unfair in principle and in practice”.
FOS appealed the ruling and in June 2008 the Court of Appeal overruled the County Court judgement.
Buckles says the Pickerings and their staff will stay on for the immediate future and three Buckles advisers will move to Lyneham to boost advisory services to the firm’s 2,000 clients.
Buckles executive chairman Nigel Speirs says: “We are delighted that Brian and Dolly have chosen to partner with Buckles to provide first class advice to their clients.
“They have built a quality business over many years and, by introducing products of our graduate training programme, we will be building the adviser base at Lyneham.”