Foster Denovo, a national IFA, has expanded its footprint in the East Midlands through the acquisition of 80Twenty.
- This acquisition is the company’s fifth in 12 months and marks its 13th office in the UK.
- 80Twenty, based in Lockington, Leicestershire, brings significant private and corporate client assets.
- The firm boasts around 120 private clients and manages substantial funds under management and influence.
- Key advisers and support staff from 80Twenty will integrate into Foster Denovo’s operations.
In a strategic move to broaden its regional influence, Foster Denovo has successfully acquired 80Twenty, a financial advice firm situated in Lockington, Leicestershire. This acquisition is a significant milestone for Foster Denovo, marking its first entry into the East Midlands and adding to its growing network of offices across the UK. In the past year alone, Foster Denovo has completed five acquisitions, demonstrating its robust growth strategy and commitment to expanding its geographical reach.
The incorporation of 80Twenty into Foster Denovo’s portfolio enhances the company’s client base substantially. With around 120 private clients and various high-profile corporate accounts, 80Twenty contributes more than half a billion in funds under management and funds under influence. This substantial addition strengthens Foster Denovo’s financial positioning and service offerings, benefitting both new and existing clients.
Advisers Neil Welbury, Jackie Worby, David Catterall, and Stuart Annable, along with six support staff, will transition to become part of Foster Denovo’s team. This integration of experienced professionals is expected to further elevate the quality and range of advisory services provided by Foster Denovo. Roger Brosch, CEO of Foster Denovo, expressed his enthusiasm, stating, ‘We’re delighted to welcome Neil, Jackie, David, and their fabulous team.’ This sentiment highlights the positive reception and collaborative spirit anticipated from this acquisition.
The acquisition of 80Twenty by Foster Denovo marks a strategic expansion into the East Midlands, reinforcing its national presence.
