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Thistle Initiatives Supports Wren Sterling In Double Acquisition

5 April 2023

Our client, national financial planning firm the Wren Sterling Group, has acquired Active Wealth Management Limited and HB&O Financial Services.

The Investments team at Thistle Initiatives was engaged by Wren Sterling to undertake regulatory compliance due diligence on the two acquisitions, Active Wealth Management and HB&O Financial Services.

The acquisition results in adding 860 clients and £330m in assets to the Wren Sterling Group. 
Wren Sterling will deliver important enhancements to its business this year covering its brand, proposition and operating model and designed to improve the client experience and drive organic growth, as well as continuing its successful targeted acquisition strategy. It has also recently launched its newly acquired DFM service as an attractive investment option for its clients. 

CEO, James Twining at Wren Sterling commented: “It is fantastic to welcome new clients to Wren Sterling together with the people that have served them so well in the past.  Both these deals will enable us not only to enhance the offering we are able to bring to clients but also improve the overall DNA of the whole company as we join forces with our new colleagues, who share our entrepreneurial drive and client-first culture.”

James Dingwall, Founder and Director at Thistle Initiatives commented: “Congratulations to Wren Sterling on this successful acquisition of Active Wealth Management Limited and HB&O Financial Services. It was a pleasure to collaborate with Wren Sterling and the team at Thistle looks forward to doing so again on future acquisitions.”

To find out more about our Advisory and Acquisition Due Diligence services or to speak to a member of our expert team, please call 0207 436 0630 or email info@thistleinitiatives.co.uk.