Buckles Acquires ML Financial Services
25th August 2009
Buckles, Wales’ largest Independent Financial Adviser has acquired the clients of ML Financial Services, based in Ruthin, The principal in the business, Mike Locker, is leaving the industry to pursue other interests.
ML Financial Services is one of the largest acquisitions Buckles has acquired to date.
The acquisition will strengthen Buckles’ presence in North Wales and the North West of England and will increase the total number of active clients to over 27,000.
Nigel Speirs, Buckles’ Chief Executive, said:
“This acquisition marks the continuation of our strategy of buying the businesses of retiring IFAs. Even in the current economic climate, we believe this is an excellent time to expand our business. We will continue to look at compatible and locally based firms whose principals are seeking retirement or are thinking of leaving the industry.
“Our graduate training programme is producing a stream of highly qualified advisers, who will look after the newly acquired client base of some 1500 private individuals.”
