Seven firms from around the north-west and beyond have recently been acquired by Independent Financial Adviser group True Bearing. In an effort to expand and grow, the Chorley-based company has been focusing on acquisition – with these firms all joining the company in the last nine months.
Of the acquisitions, Mary-Anne McIntyre, CEO of Amber River says; “From the first time we met George and the True Bearing team we knew they shared our passion for creating a best in class financial planning group centred around clients. George is well known for this and, as a result, has been able to attract like-minded businesses in the region to join him on the journey. It’s a pleasure to see our partnership bearing fruit and new roles being created to support both client and firm growth.”
Amber River group is partnership of a handful of the UK’s leading Independent Financial Adviser groups (IFA) from across the regions. A part of that group, True Bearing, is in serious expansion mode. 2022 has been a period of growth for the Chorley based financial adviser firm. Since True Bearing joined the Amber River group in 2021, the award-winning company has added an acquisition focus to its underlying organic growth.
These firms are based in locations across the North West and beyond, including Radcliffe, Bowden, Sale, Preston, Cockermouth, Stoke and Macclesfield. True Bearing are also in talks with several other North West IFA firms and with these further acquisitions in the pipeline, the company hopes to pass the 10 million turnover mark.
The True Bearing company ethos is based on a philosophy of good advice and good service, aiming to enrich the lives of their clients. The company has always prided itself on its down to earth attitude, typical of many Lancashire based firms. Chairman George Critchley says ‘The firms we have decided to buy have been run by people with the same attitude, so it appears there is a good cultural fit. We value every pound that our investors trust us with’.
This acquisition programme and the continuing demand for their services has created many new employment roles in the Lancashire area. As well as the staff from the acquisitions, True Bearing have added 3 additional outstanding and experienced IFA’s since the start of 2022 and more will join before the end of the year. This has also led to a need for more back office support including Adviser Assistants and new additions to the Business Development team.
Quick facts
. True Bearing became part of the Amber River group in 2021 and have been on a programme of expansion
. True Bearing have expanded by purchasing seven IFA firms in 2022
. This puts the company on track to turn over 10 million pounds a year
. These acquisitions have created a range of employment opportunities in the Chorley area and beyond
. These roles include Independent Financial Advisers, a Legal Intermediary and some back -office roles.
True Bearing Chartered Financial Planners are an Independent Financial Advisory Firm based in Euxton, Chorley. Founded in 2003, the company’s growth has accelerated through a clear focus on professionalism, excellence, strong mutual business partnerships and creative business thinking.
