Somerset-based financial advisory firm Stafford House Investments has acquired AC Mole Financial Services, the financial advisory business of AC Mole & Sons.

The deal increases Stafford House Investment's funds under advice to over £90 million ($134 million).

AC Mole & Sons partner Christopher Loveluck has been appointed as non-executive director.

Launched in 2012, Stafford House Investments is owned by Bristol-based discretionary wealth manager Rowan Dartington.

"With the advent of the Retail Distribution Review, we believe this merger will benefit clients and enhance the service that both firms deliver. Reliable professional financial advice is essential for everyone and we are pleased to announce our continued involvement with AC Mole and Sons,” said Jeremy Wake, chief executive of  Stafford House Investments.