A leading Norwich finance company continues its growth plans with the takeover of a local wealth management firm.
Alan Boswell Group, based in the city centre, has purchased ARW Wealth Managers Ltd for an undisclosed sum.
Following the sale, the firm will move into the Alan Boswell Group's offices in Prospect House and benefit from its team of 380 staff, but will continue trading under its existing name.
ARW Wealth Managers Ltd advisers will remain working for the business, the company said.
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Ian Roberts, from ARW Wealth Managers Ltd, said: "We’re confident the group will provide continuity of service and an easy transition for our clients when we choose to retire.”
John Pullin, director at Alan Boswell Group, added: “As soon as we met the team at ARW we knew they would be a great fit.
"They have years of experience, a fantastic client base and, culturally, they have the same approach as us, truly independent and completely client-focused.”
As part of Alan Boswell Group's expansion plans, two new directors joined the board last year to help steer the company through its next phase of development.
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