The practice will trade as RSM Tenon. The merger will enhance the combined group’s scale, geographic coverage and service portfolio.
On completion of the deal, RSM Tenon will have a combined financial management practice of nearly £25m in size and become the largest financial services business of any UK accounting firm and a Top 25 IFA nationally.
It will have over 120 qualified advisers operating UK-wide. Tenon Group chief executive Andy Raynor will head the enlarged firm.
Raynor says: “This deal is a combination of the two most substantial entrepreneurial businesses in our industry. It is the beginning of a new era of opportunity and growth for our teams and provides us with an excellent platform from which to challenge traditional approaches to client focus and service delivery.”