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Moneygate acquires Sheffield-based IFA

Moneygate Group has acquired Sheffield-based IFA Results Financial.

Results Financial has a current turnover of £1.6m and has 16 advisers. Its founder, managing director Mike Bell, will now take up a divisional director role within Moneygate.

In June 2010, Moneygate bought Buckingham shire IFA Beacon Asset Management.This was followed in July by the acquisition of City of London IFA Equus Independent Financial Management.

The latest acquisition takes Moneygate’s total number of advisers to around 120 and increases its funds under management to £250m.

Moneygate chief executive Lee Hartley says: “We want  talk to quality firms of all sizes that are good businesses in their own right and who show clear potential to develop with our help.”


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