Chase de Vere acquires medical IFA group

UK IFA firm Chase de Vere has announced that it is to acquire the financial planning business and financial advisers of  medical IFA group Medical Money Management.

The deal, which is due to be completed on Monday 23 October, will see the staff, business and IFAs working for Medical Money Management, which specialises in providing financial planning advice to medical, dental and other professionals, join Chase de Vere.

Chase de Verechief executive Stephen Kavanagh said the move was part of the company’s bid to grow the business. As a result, 16 partners and 64 employees will join Chase de Vere, adding 30 independent financial advisers to the company.

“We share many similarities with Medical Money Management, including expertise in advising the medical profession, a strong focus on putting clients first and a commitment to remaining independent and providing independent financial advice to our clients,” said Kavanagh.

“This acquisition is another big step forward in our aim to be the leading firm of independent financial advisers in the UK.”

Independent aim

Craig Watson, an equity partner at Medical Money Management, said: “The partners of Medical Money Management conducted comprehensive research into the future requirements of our business and the infrastructure needed to maintain an expert financial advice practice.

“We concluded that it is best for our clients and our employees for us to become part of a larger company. It is imperative for us that we remain independent, we did not want to join a restricted advice firm. This is why we’re delighted to be joining Chase de Vere.”

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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