A landmark agreement has been reached that will see two of East Anglia’s leading firms of independent financial advisers combine operations, creating a framework of knowledge, experience and expertise that will be envy of other firms in the region.
The collaboration between Smith & Pinching and Almary Green takes the form of a dynamic partnership between the two firms of Chartered Financial Planners – the Gold Standard for advice firms – which will enable them to further invest in technical resources and skills, delivering new opportunities to enhance their advice service for clients.
The firms have worked together on a number of projects over the past three years and during that time it became apparent to the Directors that they shared a similar culture and ethos, together with an ambition for further development of their businesses.
David Hughff, Managing Director of Smith & Pinching explained: “We’re delighted that we have reached agreement to work collaboratively with Almary Green going forward. This move strengthens our presence in the region and as we move towards completely combining the two firms, we will be aligning processes and learning from each other to provide a solid platform for future growth.”
Almary Green’s Managing Director, Carl Lamb, will join the Smith & Pinching Group Board of Directors and will work with David Hughff and Scott Pinching to develop the joint client proposition. “This is great news for clients of both firms”, he said. “By pooling our expertise and resources, we can bring greater choice and flexibility. For example, Almary Green clients will be given immediate access to Smith & Pinching’s highly successful Discretionary Investment Management service.”
The combined operation will represent one of the largest IFA Groups in East Anglia with a total staff of 125 people. Together, the group will have 35 advisers, 18 of whom have already attained individual Chartered Financial Planner status, with more nearing qualification.
Mr Hughff confirmed the group’s position in the region. “This reinforces our status as one of the largest regional firms of Chartered Financial Planners in the East of England. Our strength lies in providing Chartered advice of the highest quality backed up by a team of dedicated and knowledgeable technical analysts and administrators.”
Mr Lamb agreed: “We share a commitment to developing the skills of our teams and will continue to encourage the achievement of professional qualifications. We are proud to employ some of the best in the business and are determined that our combined operations will be an exemplar for the profession.”
The first stage of the collaboration will be to share premises, support teams and back-office resources. As a result, both firms will operate from Smith & Pinching’s current Aylsham Road premises, with effect from Monday 8 October. Almary Green’s Lowestoft services will relocate to Smith & Pinching’s Lowestoft branch – Park View Financial Planning in Mobbs Way. Both firms’ clients in the Wisbech area will have the opportunity to meet their adviser in Almary Green’s dedicated space in the offices of Wheelers Accountants.