ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.

Financial advice firm raises funds for acquisition war chest

It will ‘announce a number of completed’ deals soon

|

Bristol-based advice firm Clifton Asset Management has secured “significant investment” from independent asset manager Boost & Co.

The funding will be used to support Clifton’s buy-and-build strategy in the UK financial advice market.

Clifton’s acquisition of Leonard Gold Financial Management and Plan for Life in the past few years marked the start of its expansion plans and the group is now looking to acquire several more businesses with the support of the funding from Boost & Co.

In addition, the funding will enable the business to invest in its technology.

The financial terms of the investment were not disclosed.

Deals in pipeline

Anthony Carty, financial planning director at Clifton Asset Management, said: “This funding from Boost & Co will enable us to accelerate our growth, adding to our network of businesses and enhancing the services that we offer.

“It comes at a really exciting time for the company and we are looking forward to pursuing the many opportunities coming our way, with the support of this investment. We will be announcing a number of completed acquisitions very shortly.”

Kim Martin, head of south and midlands at Boost & Co, added: “We are really pleased to support the Clifton team as they continue to deliver their exciting expansion plans for the group.

“The company has gone from strength to strength since its recent acquisition of Leonard Gold in 2021 and the funding from Boost & Co will provide support by bringing an extensive pipeline of acquisition opportunities into the Clifton fold.”

Clifton Asset Management has £680m ($816m, €793m) in assets under management and just under 100 staff.

Latest Stories