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Lamensdorf expansion continues as it buys Tokyo firm

Lamensdorf Group has acquired Tokyo-based IFA Ross Alexander

Intern-ational for an undisclosed sum as part of its international

expansion plans.

The purchase, announ-ced at PIMS, gives the IFA a presence in Japan, China

and Switzerlandunder the names Lamensdorf Japan and Lamensdorf Europe.

The move follows the purchase of Maddison Monetary Management earlier this

year and marks the group&#39s first steps to bec-ome an international advice

brand and a top 10 player in the UK IFA market. It says its international

operations will be run to UK compliance standards.

The group will continue to look for further international acquisitions to

swell its current total of 75 registered individuals, including Ross

Alexander&#39s 22 advisers.

Lamensdorf Intern-ational managing director Howard Williams said: “This is

a key element of the strategic expansion plans of our wealth management

business. Lam-ensdorf is aiming to acquire as many as five further

businesses before the end of the year.”

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