Independent financial advice (IFA) firm, Wren Sterling, has completed the acquisition of the In Focus Group.
As reported by our sister publication Money Age, the deal, for an undisclosed amount, will see £450m of assets and 2,500 clients transfer to the Wren Sterling Group.
Wren Sterling has now made three acquisitions in 2024 following the deals for TW Financial and the Howe Maxted Group in March and July respectively.
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. Nine advisers and 10 support team members will transfer to the Wren Sterling Group as part of the move.
Wren Sterling’s chief executive, James Twining said: “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.
“The south coast is an important strategic location for us too. It gives us the ability to expand across Southampton, Portsmouth and the surrounding area.”
Managing director of In Focus Group, Nick Stewart, added: “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.
“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.”
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