Skerritts buys £73m AUM Sussex Planner






Increasing South Coast-based wealth supervisor and adviser company Skerritts Staff has bought Horsham-based Monetary Planner Mercier Allen & Buddies.

Chartered Monetary Making plans company Skerritts says the deal, for an undisclosed sum, will spice up its enlargement plans within the South the place it has bought many companies lately.

The acquisition of Mercier Allen and Buddies brings in an extra £73 million of Property Beneath Control to Skerritts.

Skerritts has a head place of business in Brighton and Hove with about 50 personnel serving 35,000 shoppers.

In March 2021, UK non-public fairness company Sovereign Capital Companions invested £55m in Skerritts to gas enlargement.

Skerritts stated the funding has enabled it to hurry up its enlargement plans and for the reason that new funding Skerrits has bought six companies.

In 2022, Skerritts finished 4 acquisitions, including new workplaces in Kent, Hampshire and London and about £560 million of AUM.

In January this yr, some other acquisition used to be introduced with the acquisition of Kent-based Monetary Making plans Company, Equinox Wealth Restricted, which introduced some other £62 million of AUM.

Neil Mercier, director of Mercier Allen, stated: “Because the monetary products and services business has moved at a quick tempo over the last few years, particularly in spaces akin to era and virtual answers, I’ve spent some substantial time taking a look completely at attainable corporations that would supplement us in those spaces.

“I regarded as the choices very in moderation to make sure that our valued shoppers are neatly taken care of going ahead and after in depth analysis, it used to be evident that Skerritts are your best option for the safeguarding of our shoppers’ monetary long term.”

Richard Skerritt, CEO of Skerritts, stated: “As a part of our strategic plans to extend our presence within the South East, including a fine quality company akin to Mercier Allen to the crowd permits us to extend our presence in Sussex and provides Neil and his personnel to our nice staff of other people. We very a lot look ahead to operating with them.”

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