The independent stockbroking company has snapped up Tunbridge Wells-based Havelock Hunter as part of its national growth drive.

UK-based Redmayne-Bentley has acquired Havelock Hunter, a private client stockbroking and wealth management firm, for an undisclosed sum.

The purchase of the Tunbridge Wells-based firm increases the number of Redmayne-Bentley’s nationwide branches to 38.

“This acquisition represents Redmayne-Bentley’s ongoing commitment to provide traditional and professional stockbroking and investment management services, whilst extending its presence across the UK,” said Redmayne-Bentley's investment partner, Stuart Davis.

James Havelock Andrews, who owned Havelock Hunter with Robert Hunter prior to the takeover, said both companies’ business models were very similar and that becoming part of the larger group will be beneficial to the firm's clients.

“The continually changing tide of regulation is unlikely to slacken anytime soon and being part of a larger group will certainly enable us to be better positioned to adapt in response to future changes,” he said.