National accountancy firm MHA Macintyre Hudson, part of Baker Tilly International, has acquired Northampton IFA Cave & Sons as it seeks to build its wealth management division.

Cave & Sons has been renamed MHA Caves Wealth and rebranded.

MHA Caves dates its history back to 1906. It provides financial advice and wealth management services as well as stockbroking and investment management.

The takeover, for an undisclosed sum, has been approved by the FCA.

MHA Macintyre Hudson already owns MHA Carpenter Box which provides accountancy services and financial advice.

MHA MacIntyre Hudson is a major firm of accountants, tax and business advisers but its deal with Caves will open up potential growth in the wealth management sector. MHA Macintyre is a top 12 UK accountancy firm and has as a network of offices in the UK. It provides a range of financial and business strategy services to companies across the UK.

It is owned by Baker Tilly International which has a global reach and works with a number of multi-national firms.

MHA Caves says the deal will mean a broad ranger of services for clients. It has told clients that any investments or plans currently held are unaffected.

In a statement on its website MHA Caves said: "Established in 1906 and with over 115 years of history behind us, we have recently joined forces with MHA MacIntyre Hudson, one of the largest firms of accountants, tax and business advisers in the UK, to provide new and existing clients across the country with a high quality, service led approach to financial services.

"Our new business name, MHA Caves Wealth, reflects both the nature of our new association but also the much broader portfolio of services that we now offer; although we shall remain proud members of the London Stock Exchange, we are not just a stockbroking firm.

"Working in tandem with MHA MacIntyre Hudson, we endeavour to further enhance the services that we are able to provide to our clients, leveraging their expertise in areas such as personal tax and corporate advice."