Wealth management and financial planning firm, Saltus, has announced the acquisition of Delta Financial Management, for an undisclosed amount.

Delta is a specialist financial planning business advising on over £400m of client assets.

Saltus said the acquisition represents the next step in its long-term strategy to expand financial planning capabilities through the integration of high-quality, client-centric businesses.

Based in Hertfordshire, Delta provides financial advice to more than 500 clients, with a particular focus on advising business owners, media and entertainment industry clients, and airline professionals.

Partner with responsibility for growth at Saltus, Michael Stimpson, said: “Delta is a high-calibre business with a strong advice-led culture, excellent financials and a clear commitment to delivering long-term value to clients.

“This acquisition is a natural fit for Saltus and aligns with our ambition to grow by partnering with firms who share our values and focus on client outcomes. We are delighted to welcome the team to Saltus.”

The integration process is expected to complete within 12 months and Delta’s team of nine people will remain in place, with directors, Jarrod Ellis and Amin Malik, becoming partners at Saltus.

Malik added: “We are proud to have built a business rooted in integrity, technical excellence and genuine care for our clients. Saltus shares that philosophy and brings additional scale, capability and investments in technology that existing and future clients will certainly benefit from. We’re excited about what we can achieve together in the years ahead.”

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