Stroud business sold
By Matt Hall | 14th September 2022
Bristol-based Clifton Asset Management has announced its acquisition of Stroud financial advice firm Noble James Associates for an undisclosed sum.
Founded in 1999, Noble James Associates has a team of three independent financial advisers handling an estimated £130m in assets under management (AUM).
Clifton group director of financial planning Anthony Carty said: "We are particularly thrilled to be working with the highly experienced team at Noble James. Their client focus and commitment to great outcomes mirrors our philosophy at Clifton.
"This latest acquisition also highlights that our planned acquisition strategy is on course and delivering value to clients as planned."
The deal is part of a growth program by Clifton to add smaller advisory firms through acquisition or appointed representative position. This latest business purchase is expected to push Clifton's AUM to £970m.
Alistair Bidmead, Noble James Associates director of personal finance said: "We were particularly attracted by the resources that Clifton has to offer.
"The infrastructure and the staff will allow our adviser team to do what they do best rather than also trying to juggle multiple back-office tasks as they do at present.
"This can only be a win-win for our clients and our adviser team."
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