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Listed Wealth Manager Makes UK Regional Acquisition

AIM-quoted wealth manager iimia Investment Group has acquired John Miln & Company, one of the South West of England’s largest independent financial advisors. John Miln & Company has over £200 million client funds under advice and employs 22 staff. The company was founded by John Miln in 1983. He will be fully involved in the integration of the two businesses before retiring in due course. All other executive directors and staff will remain with the company and become part of iimia Wealth Management. Bruce McIntosh, managing director of iimia’s Investment Services division, said: “This acquisition is a natural fit within iimia Wealth Management and increases the iimia group’s funds under management and advice to over £850 million. We are keen to acquire other good quality, complementary businesses to continue the growth of iimia’s business model.”