April 2009
Rapidly expanding financial management firm, RMT FM, is on the acquisition trail as it seeks to extend its reach within the region and beyond.
The purchase of the long established and well respected R. Monckton-Milnes and Partners financial planning for an undisclosed sum, adds around 1,000 new clients to the portfolio – especially in the east of the region.
RMT FM now manages investments totalling in excess of £120 million – making it the largest firm of independent financial advisors linked to an accountancy practice in the north of England.
Established just 14 years ago, the company now has over 26 staff working to ensure it can offer fully independent advice on financial planning to a diverse client base - including a growing number of high net worth individuals.
Director, Richard Blackett, said of the acquisition: “The business became available due to retirement and provided an ideal opportunity to expand our operations into a new part of the region. The fit was good in terms of the geography, the type of investments being managed and the reputation of Monckton-Milnes.
“Our aim is to achieve an investment portfolio of £400 million within a further five years, part of which could well be through further buy outs.
“We have developed a highly personal service with a disciplined investment process which is unique in the region because our fund managers do not buy-in any external services. They personally select and evaluate funds to provide a bespoke service for clients.”
Already strong in the North East, RMT FM has made inroads into the North West and is actively seeking further expansion opportunities.