Berkeley Berry Birch plc (BBB) has launched Berry Birch & Noble Advisers Ltd (BBNA), an acquisition vehicle aimed at purchasing Independent Financial Adviser companies.
This move is part of BBB's strategic vision to take advantage of the significant changes within the UK's £7.5bn financial services distribution sector and become the UK's premier financial services distribution group for high value customers.
BBNA is aimed at IFA businesses with a turnover of £1-5m per annum.
Group Financial Director Craig Butcher said: "Since the creation of Berkeley Berry Birch we have already seen a strong appetite amongst successful regional IFA practices to come under and national IFA umbrella and BBNA is ideally placed to capitalise on this market development."
