Exeter-based IFA Shipman Group has acquired MHS Monahans Wealth Management from Chartered Accountants MHA Monahans for an undisclosed sum.

Advice group Socium has responded to speculation about its withdrawn offer to buy financial adviser network and DFM Beaufort.

Adviser network Socium Group has withdrawn its acquisition offer for financial advice firm Beaufort Group.

The Socium Group has acquired the Beaufort Group with part of its £160m war chest to acquire Financial Planning businesses across the UK.