Wren Sterling has bought an advice firm based on the Hampshire coast in a deal which will add £450mn of assets.
The firm has completed its acquisition of In Focus Group, the third deal so far this year.
In Focus Group is led by managing director Nick Stewart and is comprised of two other companies previously acquired by In Focus - Certus and Hughes Carne.
Its £450mn of assets and 2,500 clients will transfer to Wren Sterling.
Stewart said: "Joining Wren Sterling made a lot of sense for us. Access to Wren Sterling’s resources and structure will allow us to continue to grow, whilst focusing on delivering high quality personalised advice and excellent client service.
"What’s more, Wren Sterling’s experience in completing acquisitions means we could transition with the minimum of disruption to our clients."
In Focus Group's office in Fareham will become Wren Sterling's new Solent office.
Steward added: "We have the support to expand the Solent office in future once we’re settled, so I’m optimistic about the future of the business and excited to get started."
The deal is Wren Sterling’s third deal of 2024 following the acquisition of TW Financial and the Howe Maxted Group in March and July respectively.
Wren Sterling’s chief executive, James Twining said: “Nick and his team have built a business through careful acquisition but also high levels of entrepreneurialism, which aligns with our strategy to give our advisers the freedom to grow their business.
“As well as drive growth, acquisitions such as this enable us to bring highly talented people into our business who bring a range of expertise, experience and insights that we and our clients can benefit from."
He added the south coast is an "important strategic location" for the firm and will allow it to expand into Southampton, Portsmouth and surrounding areas.
tara.o'connor@ft.com
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