Astute Private Wealth has acquired the client assets of Cheshire-based Optimas Financial Planners for an undisclosed sum.
The deal was brokered by M&A specialist Gunner & Co.
Optimas co-director Alan McLaughlin will now retire and fellow co-director Cathryn Jones has joined Astute, where she will continue to build her client relationships, while also taking on some of McLaughlin’s clients.
Astute will gain £65m in funds under management from the deal.
This is the 11th deal for Astute Private Wealth, which has focused on both organic and acquisitive growth since its launch in 2010.
Astute Private Wealth, with offices in Chester and Liverpool, specialises financial planning and investment management for high net worth and mass affluent clients in the north west.
The firm recently rebranded to Astute Private Wealth from WTK Financial Services in July 2020.
It said: “We will continue to operate out of our current location in Ewloe, Flintshire and would like to reassure our clients of our continued attention both now and in the future.”