Wren Sterling has announced the acquisition of T D Armstrong Financial Planning Limited, a Dunfermline based independent financial planning business. Max Horne, Trudi Horne and Fraser Rowan from T D Armstrong Ltd will all join Wren Sterling.
Under the terms of the deal Wren Sterling will secure around £116m of assets under advice, taking Wren Sterling’s total assets under advice to £3.3bn.
This acquisition is the third acquisition by Wren Sterling in the last three years and follows acquisitions of back books from First Trust Bank in Northern Ireland and Leek United Building Society.
Ian Halley, Wren Sterling’s CEO, said: “This acquisition is an exciting step for Wren Sterling because it further supports the growth of our business. I’m looking forward to working with Max and his team to embed these clients into our business ensuring they continue to have access to independent financial planning services.
Halley confirmed that as part of its growth plans Wren Sterling is looking for “opportunities to acquire more businesses and/or back books, where there is a good cultural fit between the businesses and it’s clear that a transaction will secure clients’ access to advice and enable advisers to plan for their succession.”
All T D Armstrong client enquiries should be directed to Wren Sterling via email@example.com or 0141 341 5240
Media enquiries: Nick Moules, Head of Marketing firstname.lastname@example.org