HURST advises FMB on its sale to Finitor Wealth

Hurst has advised the shareholders of financial advisory firm Financial Management Bureau (FMB) on the sale of the business to Finitor Wealth, a financial planning and wealth management group.

FMB is a second-generation family business with eight advisers in Kendal, Cumbria, and has over £250m worth of assets under advice.

Meanwhile, Finitor was founded in 2018 and, through its regional partner firms, provides independent financial advice to individuals, families, and businesses, who need “objective” assistance in organising their financial affairs to achieve financial and lifestyle objectives.

Max Perry of Hurst Corporate Finance and Sarah Haley of Hurst’s tax team advised FMB on the transaction.

Perry said: “We’re delighted to have been afforded the opportunity to act for the shareholders of FMB on the sale to Finitor, which gives the business a platform from which it can enjoy a prolonged period of growth and prosperity.”