Redmayne-Bentley, the Yorkshire-based stockbroker, has acquired assets worth £300 million (around $454 million) from Fyshe Horton Finney, following FHF’s decision to go into voluntary administration earlier this month.

FHF previously provided discretionary, advisory and execution-only services via 15 locations nationwide. The transaction will increase Redmayne-Bentley’s number of private-client stockbroking clients by approximately 10 per cent and increase its total assets under management by £300 million, the firm said.

"This transaction allows us to offer continuity of stockbroking and investment management services to former FHF clients, who we hope will establish a long-term relationship with our firm,” said Keith Loudon, senior partner at Redmayne-Bentley.

The Leeds office of Squire Sanders advised Redmayne-Bentley on the acquisition.