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M2 starts the buyout ball rolling with Real

IFA M2 Financial is making the first in a series of IFA buys which it

hopes will make it a leading national player in the professional

advice market.

It has bought Nottingham IFA Real Intelligent Financial Advice for an

undisclosed amount. It has seven RIs and a £500,000 annual

turnover.

The acquisition brings M2&#39s total RIs to 17 and is the first in a

series of planned buys since the firm was set up by former Maddison

Monetary Management managing director Mark Howard in January.

M2 says it hopes to attract 100 RIs by the end of the year with a

proposition of one of the most advanced technology platforms

available.

The firm has secured extensive internal and external funding which it

says runs into millions and is working on a bigger project which will

form part of a wider move into the UK market.

Howard says: “There is a great synergy between M2 and Real. The firm

has experience in the SME marketplace which is a side of the business

that we are keen to develop.

“We plan to grow as quickly as we can while still making prudent

choices about who we take on. It is not about geographical spread or

size – the main aim is to be profitable.”

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