Ex-Mattioli Woods COO says ‘detailed discussions’ are already underway over further acquisitions
UK financial services group Truinvest has acquired NLP Financial Management and Birchwood Investment Management as part of its five-year growth strategy targeting annual revenues of £50m ($69.1m, €58m).
The financial terms of the deals were not disclosed.
Both firms will operate under their own brand name while being integrated from both an operational perspective and the investment proposition to clients.
The combined businesses provide financial planning and investment management services from two offices in London and Hertfordshire.
The addition of NLP Financial Management and Birchwood Investment Management to previous acquisitions, Group Rapport and Bromwich Financial Planning, means the company is already handling assets under advice and management of almost £1.1bn.