The business was founded by Mike Godfrey – chartered and certified financial planner and a member of the board of the Financial Services Skills Council.
The latest acquisition – for an undisclosed sum – is one more example of Thinc’s focus on growing its wealth management and employee benefits propositions.
FS3 brings a total of around £100m of funds under management, around £75m of which are managed for 110 high quality personal wealth management clients, with the remainder managed on behalf of corporate clients.
Thinc chief executive John Simmonds says: “The expansion of our successful wealth management division remains an important strategic initiative and the acquisition of FS3 further bolsters our strength, client base, expertise and geographical reach.
“FS3 enjoys an excellent reputation within the market and complements our business well so I am delighted to welcome the business into the Group. We continue to monitor good opportunities for further growth and our expansion plans are part of our overarching strategy to consolidate our position as a premier provider of financial advice in the UK.’
Godfrey says: “I am delighted to be joining the Thinc Group. Thinc’s progressive approach to managing clients’ wealth and employee benefits, which are very similar to those we have developed within FS3, combined with its plans for the future were major attractions to me. I am looking forward to an exciting future with Thinc.”