IFA firm acquires Kent-based advice business

It aims to increase funds under management to £2bn within five years

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Independent financial planning and wealth management firm Gale and Phillipson has acquired Kent-based Gyr Financial Consulting.

The financial terms of the deal were not disclosed.

This is the firm’s fourth acquisition in two years and it expands its offering in London and south east to four branches and 21 financial planners.

Gale and Phillipson aims to increase its funds under management through acquisition and organic growth to £2bn ($2.65bn, €2.24bn) from £1.2bn within five years.

David Carr, chief executive at Gale and Phillipson, said: “We’re delighted to add Gyr to the Gale and Phillipson group. The impressive experience and skills of the Gyr directors and advisers are a great match for our unique service offering.

“By adding Gyr to the Gale and Phillipson group, it gives us further combined strength and ability to reach clients in London and the south east.”

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