Chadney Bulgin has acquired Berkshire-based advice firm Pension & Wealth Planning for £1.2m as part of its acquisition drive.
The firm will continue to operate under the Pension & Wealth Planning name.
The deal will see three adv- isers and four back-office staff join Chadney Bulgin from PWP, bringing the total number of staff to 45.
PWP managing director Paul Rylatt and finance director Michelle Gatto have retired following the deal and PWP directors Anne Wardle, Russell Warman and Mike Buckley have joined Chadney Bulgin as partners.
In August 2008, Chadney Bulgin merged with pension IFA Chandos Rose and Chadney Bulgin joint managing partner David Thomas says the firm is looking to expand further in the future.
He says: “We are looking at various options in terms of the mortgage side and the wealth side. We are looking to take additional advisers on, so the acquisition route actually works better for us – we get an established business with good advisers, so they can hit the road running.”
AWD Chase de Vere head of communications Patrick Connolly says: “There is, and will continue to be, further consolidation in the IFA ind- ustry. Adviser firms are looking to put themselves in the right position for the RDR and a lot of that comes down to recruitment.”