North West Planner makes first acquisition
North West Financial Planning firm Foresight Wealth Strategists has made its first acquisition with the purchase of Bury-based Independent Financial Adviser Platinum Socially Responsible Investments for an undisclosed sum.
Platinum SRI was founded in 2007 and specialises in socially responsible and ethical investments.
The deal will add £35m in assets under management to Foresight plus 160 clients.
Foresight Wealth Strategists is a Chartered Financial Planning practice based in Hale, Cheshire. It specialises in providing holistic Financial Planning advice in areas such as investment, retirement, protection and estate planning.
Foresight said the deal forms part of its strategic long-term plan along with organic growth.
Simon Booth, CEO of Foresight Wealth Strategists, said: “We have worked with Platinum SRI over many years and admire their approach, particularly in regard to socially responsible and ethical investment choices for their clients. Their values closely match ours and it is for this reason it is a great acquisition.
“As we look ahead to the future of Foresight, we’ll continue to seek out further strategic acquisitions with companies who want to maintain the service for their clients, even after the sale of their business.”
Ray Boucher, director of Platinum SRI, added: “Providing an ongoing service to my clients that is centred around their individual needs has always been the priority for my business. This focus has allowed me to develop strong client relationships, often allowing me to look after two or three generations of my clients.
“Foresight’s values as a Financial Planning firm very much align with my own and I am sure that I have made the right choice for my long-standing clients and the future of their Financial Planning.”