IMAS acted as the exclusive financial adviser to Thomas Miller Investment on the acquisition of Broadstone Wealth Management, a provider of discretionary investment management, private office and financial planning services to private clients, charities and pension funds, from Broadstone Pensions & Investments, which is owned by funds advised by Oakley Capital Private Equity. The acquisition includes certain activities presently performed by Broadstone Pensions & Investments and adds private client wealth advisory capabilities to Thomas Miller Investment, creating a group with close to £2.8bn of assets under management and operations across the country including London, Edinburgh, Isle of Man and Birmingham.
Thomas Miller Investment, a member of the 128 year old Thomas Miller Group of companies, provides services to institutions and private clients both on and offshore. Operating out of London, Edinburgh and the Isle of Man, it currently manages £2.4bn of funds under management.
IMAS advised Thomas Miller Investment on all stages of the acquisition process, involving both the transfer of a business and purchase of a company, assisting Thomas Miller Investment in its ambitions to build a leading investment management business.