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Thomas Miller Investment completes acquisition of Broadstone Wealth Management


Thomas Miller Investment has secured FCA approval for its acquisition of Broadstone Wealth Management Ltd.

The deal was completed on 1 December and forms is in line with Thomas Miller Investment’s strategy to create a leading investment and wealth management business, both organically and through acquisition.

The Broadstone acquisition raises Thomas Miller Investment’s assets under management (AuM) to GBP2.8bn, with approximately 90 staff across seven locations.

Thomas Miller Investment provides investment and wealth management services to institutions and private clients both on and offshore.

Mike Balfour, Chief Executive Officer, Thomas Miller Investment, says: “Broadstone is an important addition to our business and demonstrates our ambitions within the investment and wealth management sector. We are perfectly placed to provide the services that clients require in a complex and economically uncertain landscape.”

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