Financial advice firm Prosperis Ltd has acquired Knaresborough-based RMB Financial Management Ltd for an undisclosed sum.
The firm now employs thirty members of staff and provides individual and corporate advice to over 1,000 clients and businesses in the region.
This comes as chairman of Prosperis Paul Meehan said that the IFA now plans to buy more firms as part of a growth strategy.
With another deal expected by the end of the year as well as some additional senior hires.
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Niall Gunn chief executive at Prosperis, said: “We are delighted to have been able to acquire such a high-quality business and, in doing so, allows us to continue to provide clients an excellent professional level of service for the foreseeable future.
“As an independently owned business, this acquisition will benefit greatly all clients. We are on track to add further locations within the North East as we continue with our growth plans.”