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Atomos snaps up two advice firms

Which will be integrated by the end of Q1 2024

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Wealth manager Atomos has acquired advice firms Shore Financial Planning and Define Wealth for undisclosed sums.

Based in Plymouth, Shore Financial Planning was founded by Jon and Alison Treharne and will be responsible for the Cornwall and Devon regions.

Meanwhile, Define Wealth is based in Reigate, Surrey. Atomos said it expects the two businesses to be integrated by the end of Q1 2024.

To read more on this topic, visit: UK wealth manager makes two acquisitions

The firm said the acquisition was part of its growth strategy to expand its geographical footprint. It adds to the 15 offices throughout the UK.

Christopher Kraft, Atomos chief commercial officer, said: “We are delighted to welcome the highly experienced teams at Shore Financial Planning and Define Wealth into the Atomos fold. We see strong alignment in our philosophies and ways of working which make the businesses a good fit. This is an exciting time for Atomos as we scale up and grow.”

Atomos, formerly part of Sanlam Wealth, currently manages £7bn assets.

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