Attivo Group has acquired Darlington-based Ashburn Wealth Management for an undisclosed sum.
The deal was announced by the corporate finance advisory team at Transcend Corporate which worked with the shareholders of Ashburn Wealth Management on the sale of the business.
Ashburn is a provider of a range of wealth planning solutions for private and corporate clients. It has around £200m ($247m, €228m) in funds under management.
The company was established by founders Stephen Waite and Nicholas Millar in 2008. Waite will remain with the business and continue with Attivo following the sale.
Stephen Harper, chairman of Attivo, said: “We are delighted with the acquisition of Ashburn. This brings a valued portfolio of clients to Attivo and we look forward to continuing to provide high-quality, personal financial planning services to them. We welcome the Ashburn team to our business and look forward to working together into the future.”
Attivo is an independent financial planning firm with client funds under management of £3bn.