The news comes after Helm Godfrey adviser Tudor Griffiths joins Money Wise as head of corporate clients.
Griffiths will be based in London and Cambridge to develop the employee benefits division for Money Wise.
Money Wise managing director Malcolm Coury says: “With this acquisition of Lee & Co in Cambridge and Tudor’s appointment, we believe that we have exciting times ahead of us, albeit we acknowledge the current financial climate.
“It is now more important than ever to offer the best possible financial advice to our clients, using the most comprehensive resources available to us. We are working even harder than ever to successfully provide a comprehensive service to clients and our ‘Model’ investment portfolios have really bucked the trend by providing some outstanding investment returns during these volatile times.”