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Close Brothers Asset Management acquires IFA business

13 Dec 2023 | 3 minutes to read

Close Brothers Asset Management (CBAM) has agreed to acquire Dorset based IFA, Bottriell Adams, Chartered Financial Planners LLP (subject to regulatory approval).

Based in the heart of Dorset, Bottriell Adams was founded in 2004 and currently manages over £220m of assets for its High Net Worth client families and small businesses. The partners, financial planners and support team at Bottriell Adams will all join CBAM as part of the agreement.

Managing Partner, Gary Bottriell said: “CBAM’s client and colleague centred values closely align with ours which gives me every confidence in this partnership. Our clients will benefit from the same professional and personal approach that we offer alongside CBAM’s scale, including its widely recognised research capability, financial planning offering and wider investment management services. I look forward to joining the team.”

The acquisition is part of CBAM’s growth strategy, helping to extend the business’ regional footprint in the South West.

Today, CBAM operates from London, Birmingham, Bristol, Cheltenham, Chichester, Chester, Dorset, Farnham, Gatwick, Manchester, Newcastle, Northwich, Edinburgh, Glasgow and Guernsey.

John Edmeads, Head of Wealth Planning at Close Brothers Asset Management, said: “I am delighted to welcome Bottriell Adams to the CBAM family, another acquisition which further underlines the fact that we are a dynamic and growing business. Not only are Bottriell Adams hugely successful, they have built a culture that aligns with ours at CBAM perfectly.

“Our success is built on our dedication to put clients at the centre of everything we do and Bottriell Adams share that commitment and focus.”

I know that the team will hit the ground running and be a real asset to the wider CBAM business.”




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