Lichfield wealth management firm snaps up rival

LICHFIELD wealth management firm Pool House Professional Advisers has acquired DC Wealth in a move that increases the firm’s funds under management to £175m.

The financial terms of the deal are undisclosed.

DC Wealth is now located in Lichfield although it was based in Sutton Coldfield for many years.

All its future operations will be carried out from Pool House’s offices on Dam Street.

Jonathan Hovers, director at Pool House, said: “The acquisition of DC Wealth adds to our growing portfolio of clients and strengthens our offering with further expertise and resources under one roof.”

DC Wealth founder David Collins said: “We are pleased to be part of Pool House and access additional services within the group. Sharing resources, systems and intelligence will enhance the already high levels of service we endeavour to deliver to clients.”

This development follows significant company growth at Pool House over the last three years. It acquired the business of IFA company Central Independent Financial Services in 2012.

Pool House Professional Advisers was born from DRB Associates – which was established by director David Burns in September 2005.