Independent financial advice and investment management firm One Four Nine Group has acquired Plymouth-based IFA business Rainbird & Co for an undisclosed sum.
This comes months after the group purchased Glasgow-based McCrea Financial Services in February 2023. It is the group’s eight acquisition since launch and brings their team total to 33 advisers managing £1.4bn (€1.6bn, $1.8bn) of client assets.
Recently, the IFA and DFM group appointed Gabrielle Beaumont as chief executive.
Beaumont said: “We have been looking to establish a southwest location for some time and Rainbird & Co’s team were a natural fit sharing our values, culture and long-term goals.
“I have known the Chris and his team for some time and have been very encouraged by their dedication, professionalism and enthusiasm as it relates to the next stage of their evolution.”