The independent financial adviser firm completed the purchase at the end of June and the move will add 80 clients to Newell Palmer’s client base.

Wright Financial Planning has been offering Financial Planning advice and wealth management services to clients in Stafford and the surrounding area for 17 years.

The firm’s clients will now be looked after by Newell Palmer’s Wolverhampton office.

Since 1988, Newell Palmer has acquired over 40 companies and the financial adviser business is on the lookout for any selling firms whose client ethos is similar to its own.

Kevin Homfray, Newell Palmer finance director, said: “We took a small break from acquisitions while our teams here focused on our recent CRM system upgrade to Intelligent Office.

”I’m pleased that we have completed the deal with Norrie, and now we are keen to press ahead with further acquisitions lined up before the end of the year.”

Norrie Wright, principal of Wright Financial Planning, said: “Selling my business wasn’t a decision that came easy but ultimately I’ve decided to retire from the advisory industry.

“I’d like to thank Kevin and the team and I am reassured knowing my clients will continue to receive first class advice and support from Newell Palmer.”