Advanta Solutions has significantly increased its assets under management by £800 million through the acquisition of City Financial Planning, marking another strategic expansion in 2024.
- This acquisition strengthens Advanta’s presence in the South West of England with offices in Bath and Exeter coming under its umbrella.
- Supported by Dow Schofield Watts and DLA Piper, this transaction reflects Advanta’s commitment to growth in the financial services sector.
- This move follows Advanta’s earlier acquisition of Penney, Ruddy & Winter, further consolidating its influence in the industry.
- Advanta’s director, Tim Quirke, highlighted the growth opportunities presented by joining the Advanta family.
Advanta Solutions has bolstered its assets under management (AUM) by acquiring City Financial Planning, adding an impressive £800 million to its portfolio. This acquisition is part of Advanta’s strategic initiatives in 2024, marking its second significant purchase of the year and solidifying its position in the financial sector.
City Financial Planning, with its offices located in Bath and Exeter, enhances Advanta’s operational footprint in the South West of England. This regional expansion aligns with Advanta’s broader strategy to increase market penetration and offer enhanced financial services to a wider customer base.
The acquisition was facilitated by the professional support of Dow Schofield Watts and legal guidance from DLA Piper, underscoring the collaborative efforts behind this successful transaction. These alliances play a vital role in ensuring seamless integration and operational continuity post-acquisition.
Earlier in the year, Advanta acquired Penney, Ruddy & Winter, a distinguished firm based in the City of London. This previous acquisition set the stage for further growth and provided a framework that likely influenced the successful integration of City Financial Planning.
Tim Quirke, a director at Advanta, expressed his enthusiasm, stating: “Becoming part of the Advanta family enables us to continue to grow the business that has its ori…” This sentiment highlights the optimism surrounding the opportunities for development and expansion under Advanta’s guidance, reflecting a forward-thinking approach to business growth.
Advanta’s strategic acquisitions this year underscore its ambition and commitment to expanding its footprint in the financial sector.
