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Independent, nationwide financial advice and investment management group One Four Nine has acquired Rainbird and Co, a financial advice firm based near Plymouth.
The deal marks One Four Nine’s eighth acquisition since launch and expands its nationwide footprint into the Southwest.
Launched by Chris Rainbird in 1997, Rainbird and Co is a family business advising over 350 clients on their investment, pension and protection needs.
With the addition of Rainbird to One Four Nine, the group now has a total of 33 advisers serving 4,300 clients, managing £1.4bn of client assets.
Gabrielle Beaumont, chief executive officer, said: “We have been looking to establish a Southwest location for some time and Rainbird and Co’s team were a natural fit sharing our values, culture and long-term goals. I have known the Chris and his team for some time and have been very encouraged by their dedication, professionalism and enthusiasm as it relates to the next stage of their evolution.
“We are delighted to be welcoming the entire Rainbird team into the group, particularly as we enter an exciting time for the business with our integration strategy beginning to gather momentum. I look forward to the contribution the Rainbird team will make to this initiative and to the future of One Four Nine Group.”
