Skerritts Wealth acquires Sussex IFA's client bank

Skerritts Wealth Management has agreed a deal to acquire the assets of the client bank of Sussex-based IFA firm Finch's Financial.

The acquisition is the eighth in seven years for Skerritts, which has offices in Brighton and London, and will boost the group's assets under management from £305m to £320m. "The client bank of Finch's is a perfect fit for the discretionary model that Skerritts Wealth Management operates," said Skerritts managing director Richard Skerritt. Finch's founder and principal Barry Finch will work with Skerritts to oversee the client migration process and will then retire.