Financial planning firm Finli Group has expanded its UK operations with a further five acquisitions in March.

The group said the acquisitions were part of its plans for long-term growth and added more than £220m worth of assets, taking the firm’s total acquisitions to 47.

In early March, Finli Group acquired Birmingham-based firm MMR Financial Planning.

Following this, the group closed four further deals at the end of the month, including Beaufort Financial Taunton (Mark Cooper) and Simon Brannigan, in Somerset.

The other three acquisitions were London-based IFA Elaine Snow, Merseyside-based IFA Penny Smith, and Cardiff-based financial planning firm Lifestyle Financial Choices.

Finli Group also agreed a deal to acquire Schaefer Financial Management in Somerset in February.

Commenting on the announcements, Finli Group acquisitions director, Jon Barham, said: “People need top-quality financial advice more than ever and we want to grow Finli in the way that will best support this increasing demand while driving progression in the profession.

“We see expanding our local presence in the north of England, central England and southern regions as a key to further realising that ambition, and so we couldn’t be more pleased to have completed deals with these top-quality firms.

“Bringing more ambitious financial planners into the business who want to do right by their clients is an essential part of Finli’s long-term strategy, and we look forward to having more of these conversations over the coming months.”

Finli Group was founded as Solomon Capital Holdings by former Quilter Financial Planning CEO, Andy Thompson, and CFO, Darren Sharke.

It has more than 20,000 clients and a team of over 100 financial planners, with assets under management of over £5bn.

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