Vintage Wealth has announced the acquisition of Financial Management Independent Financial Advice (FMIFA) for an undisclosed amount.

The move will add £400m of assets under advice to Vintage and create a combined business of £2.14bn in client assets.

Vintage, which operates across wealth management, asset management, employee benefits and private medical insurance broking, said the acquisition brings together two independently focused advice firms with a shared commitment to personalised, whole-of-market financial planning.

Prior to the acquisition, the London-based wealth business had £1.1bn in advisory funds under management and £484m in discretionary funds undermanagement (FUM), supported by a team of 25 independent financial advisers.

Vintage CEO, John Morton, commented: “We are delighted to announce that Vintage has acquired FMIFA. This is a business that shares our culture of a high level of client care and builds trusted relationships for the long-term, making it is an excellent fit for us.

“FMIFA has a reputation as a highly respected local advice firm and we look forward to working closely with Philip and the team.”

FMIFA, based in Buckinghamshire, offers retirement planning, wealth management, protection, corporate benefits and advice on equity release.

Managing partner and financial planner at FMIFA, Philip Harper, added: “After 18 months talking with Vintage Wealth, understanding how they work and where they are going, we are now very excited for the future and confident we have made the right decision, for clients, staff and ourselves.”

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