Vintage Wealth Management is to acquire Surrey-based Corfe Wealth Management for an undisclosed sum.

North London-based Vintage said the deal was part of an acquisition and organic growth strategy.

Corfe was founded by Chartered Financial Planner Christopher Webb in 2011. He will continue as a client-facing adviser within the group with a remit to expand the Vintage proposition across the south east.

Vintage was established in 2004 following a merger between IFA Aztec Financial Limited and Bond & Stein plc. The group now has assets under advice or management £1.25 billion and annual turnover in excess of £9.5 million. It has 130 employees, including over 20 FCA authorised individuals.

Clients include individuals, families and SMEs served by five group companies: Vintage Wealth Management, Vintage Corporate, Vintage Asset Management, Vintage Health and Vintage SSAS Services.

Vintage CEO John Morton, said: “The decision to acquire Corfe Wealth Management is a natural stepping-stone in our expansion plans to grow by targeted acquisitions alongside our continued organic growth, driven, in part, by our joint venture partners and the recruitment of new advisers. We welcome our new colleagues and look forward to working together.”

Mr Webb said: “For some time it had been evident that, for the ultimate benefit of our clients, Corfe should seek to partner with a larger firm who could provide the additional support and resources that we were looking for in an increasingly challenging marketplace, both in terms of scale and economic backdrop, while also ensuring that we could continue to deliver those clients a ‘best in market’ service offering.”