Consolidator Succession Group has acquired Accountants Financial Services (AFS) Scotland and H&L Financial through its fast-track acquisition process.
AFS is based in Edinburgh and Glasgow, while H&L is based in Manchester and Stratford-on-Avon and is the parent of Inspire Wealth Management.
The two acquired firms offer financial planning services and began their association with Succession earlier in 2017.
The transactions, whose terms were not disclosed, add £400m in funds under management to Succession’s portfolio.
Succession corporate director Paul Morrish said: “We are delighted AFS and Inspire have chosen to be acquired by Succession Group. Our proven reputation for successfully transitioning IFA firms, optimising their capital value and helping them become sale-ready has evolved into an accelerated acquisition process for the right businesses and appeals to firms who are already operating at an optimal level and share our values, vision and passion for wealth planning.”