Independent financial planning firm Fidelius Group has acquired Bath-based company Robson Taylor IFA for an undisclosed sum.
The acquisition of Robson Taylor IFA, which specialises in retirement planning, investments, savings and protection, will bring £105m ($144m, €121.1m) assets under management to Fidelius and £780,000 in revenue.
All staff will remain with the business, including principals, Paul and Debbie Timmins. The name Robson Taylor IFA will change to Fidelius.
This is Fidelius Group’s fifth acquisition.
Jim Grant, chief executive of Fidelius Group, said: “I have known Paul and Debbie for many years and have long thought Robson Taylor IFA would be an excellent fit for Fidelius, when the time was right for all parties.
“Paul, Debbie and the team at Robson Taylor IFA have worked very hard to build a great business, which is focussed on valued long-term client relationships, and this fits very well with the Fidelius approach.”
Fidelius Group has £1.75bn under advice and 130 staff based in its offices around the UK in Bath, Cheltenham, Chelmsford, Bridgewater, Mansfield and London.