Absolute Financial Groups has acquired four Financial Planning firms in the North West of England, adding £577m in assets under advice.
Allied Financial Services, based in Wigan, RSJ Financial Planning, based in Liverpool, Millcroft Wealth Management LTd, based in Manchester, and Mackenzie Financial Planning have joined Absolute along with existing offices and colleagues.
The four acquisitions take Absolute’s total assets under advice to £2.1bn.
The largest of the four times, Allied Financial Services, will operate as a North-West hub for Absolute.
Alisdair Lindley, founder of Allied Financial Services, said: “Becoming the North‑West hub gives us the opportunity to retain our local roots while benefiting from the scale, investment, and collaborative strength of a growing national group.”
Absolute launched with the acquisition of £1.1bn AUA firm Absolute Financial Management, based in the South East, in August.
The consolidator added three Financial Planning acquisitions, adding £255m in assets under advice, in April.
The latest four deals take total financial adviser acquisitions for Absolute to ten.
Absolute Financial Group has been backed by a £115m equity commitment from Inflexion Private Equity Partners.
Absolute is led by chief executive David Carter, formerly CEO of CMS Wealth. Its non-executive chairman is Paul Hogarth, founder of Tatton Asset Management and Perspective Financial Group.
Mr Carter said: “Welcoming four highly respected North‑West firms into Absolute Financial Group is another significant milestone in our national growth strategy, which is continuing at pace.
“These businesses add not only scale but deep local expertise, strong client relationships, and shared values around the importance of truly independent advice. Establishing a North‑West hub through Allied Financial Services strengthens our regional presence and underlines our commitment to supporting advisers with the infrastructure, resources, and autonomy they need to deliver outstanding outcomes for clients.”
The firm said it plans to unite advisory businesses within a unified structure, promoting adviser support and holistic Financial Planning.