Treble Investments has been providing advice to clients in the West Midlands and surrounding areas for more than six years and has built up a 250-strong client base.

An additional £25 million will be added to Newell Palmer’s total funds under management, which is in excess of £1.7bn. The 250 active clients of Treble Investments will be serviced by the advisory team at Newell Palmer’s Wolverhampton office and will take Newell Palmer’s total recurring income to approximately £8.5m per annum.

Wolverhampton-based Newell Palmer has more than quadrupled its FUM in the last five years, growing through acquisition and referrals. Acquisitions have ranged between £30k to £2m in consideration which the company says indicates that it can cope with acquisitions of varying size.

Newell Palmer Finance Director, Kevin Homfray, said: “I am delighted to announce the acquisition of Treble Investments, which has been made possible with the support and financial backing of Allied Irish Bank (GB). This is our fifth acquisition during this financial year, which has strengthened our presence throughout the West Midlands. Treble Investments is modest in size and perfectly fits into Newell Palmer’s established model.”

Anthony Treble, principal of Treble, said: “I want to ensure that my clients can continue to enjoy the high level of personalised service they have come to expect and I am very happy to be merging my business and client base with a company like Newell Palmer.

“With the changes being introduced by MiFid II and GDPR I feel confident knowing that my clients are in the hands of a company that has a solid structure and the resources to meet the challenges presented by the changing face of the financial services sector”.

Newell Palmer says the acquisition was made possible with the help of professional IFA introducers Boston Bailey Group. This is the fourth acquisition that has been facilitated by Boston Bailey Group this year, with a number of further acquisitions being planned during the next 12 months.