Investor Intelligence, an marketing network for IFAs, has been bought by a group of city investors.
The take-over will see the company change focus and aim its marketing at high net worth individuals with free assets in excess of £100,000.
The company says the move is part of a strategy to increase the number of services and clients.
The buy-out team which has acquired a 51 per cent stake is led by former Close Portfolio Management managing director Stuart Lewis who will act as chairman.
Lewis says: "Research among our IFA members has highlighted the need for a new type of portfolio management service which we will call 'The Investor Intelligence Wealth Management Service'. We are in the final stages of creating this in conjunction with major city institutions."
Founding director of Investment Intelligence Jim White will continue as managing director and Steve Loe will continue in his role as national sales manager.
White says: "The aim of Investor Intelligence is unchanged. We will give local IFAs the benefit of a professional national press advertising campaign generating enquiries whilst extolling the virtues of independent advice."