Finance firm swoops in deal for ethical investment specialist

Cheshire financial planning firm Foresight Wealth Strategists has made its first acquisition with the takeover of Bury-based independent financial adviser, Platinum Socially Responsible Investments (SRI), for an undisclosed sum.

The deal will add an extra £35m in assets under management and 160 clients to Platinum, which was founded in 2007, focusing on socially responsible and ethical investments.

The acquisition is part of Hale-based Foresight’s strategic long term plan, supported by its strong organic growth.

Simon Booth, CEO of Foresight Wealth Strategists, said: “We have worked with Platinum SRI over many years and admire their approach, particularly in regard to socially responsible and ethical investment choices for their clients. Their values closely match ours and it is for this reason it is a great acquisition.

“As we look ahead to the future of Foresight, we’ll continue to seek out further strategic acquisitions with companies who want to maintain the service for their clients, even after the sale of their business.”

Ray Boucher, director of Platinum SRI, said: “Providing an ongoing service to my clients that is centered around their individual needs has always been the priority for my business. This focus has allowed me to develop strong client relationships, often allowing me to look after two or three generations of my clients.

“Foresight’s values as a financial planning firm very much align with my own.”