Foster Denovo has acquired Brian Mole Independent Financial Advisers as part of a move to expand its presence across the Midlands.

Based in Burton-upon-Trent, the practice will become part of Foster Denovo after the 80Twenty Consultancy, in Lockington, joined in October.

The latest deal marks Foster Denovo’s sixth acquisition in 12 months and has added a fourteenth office to the financial advisory group as it continues to establish its UK footprint with teams across the Midlands.

The acquisition also means that advisers Kevin Douglas, Dean Woodward, Nigel Fern, David Hulland, Mark Hill, Nigel West, Leighton Norton, together with nine support staff serving 1,300 clients with assets under advice approaching £300m, have become part of the growing Foster Denovo group.

“What struck me about Kevin and the team is that they genuinely care about one another, their clients, and the highest standards of advice,” said Foster Denovo CEO, Roger Brosch.

“Add in a perfectly aligned culture between us all and you have the raw ingredients for a successful integration and a period of exciting growth. I am hugely excited to start working with everyone there and seeing what great things we can achieve together in the Midlands.”

Nigel Fern of Brian Mole added: “This really works for our clients and our colleagues because Foster Denovo has a framework to retain what we do best – designing and delivering personalised financial advice, which we can now enhance and develop still further with the resources and support this deal gives us.

“It helps that we hit it off straight away and see the world in the same way as Roger and his colleagues, which has really energised everyone about what lies ahead.”

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