One Four Nine Group acquires eighth firm and first in the Southwest
- One Four Nine Group acquires Plymouth advice business Rainbird & Co
- Acquisition is the Group’s eighth purchase since launch and establishes footprint in the Southwest.
Independent, nationwide financial advice and investment management group One Four Nine has acquired Rainbird & Co, a financial advice firm based near Plymouth and first established in 1997. The deal marks One Four Nine’s eighth acquisition since launch and expands its nationwide footprint into the Southwest.
Launched by Chris Rainbird over 25 years ago, Rainbird & Co is a family business advising over 350 clients on their investment, pension and protection needs. With the addition of Rainbird to the One Four Nine family, the Group now has a total of 33 advisers serving 4,300 clients, managing £1.4 billion of client assets.
Gabrielle Beaumont, Chief Executive Officer commented: “We have been looking to establish a Southwest location for some time and Rainbird & Co’s team were a natural fit sharing our values, culture and long-term goals. I have known the Chris and his team for some time and have been very encouraged by their dedication, professionalism and enthusiasm as it relates to the next stage of their evolution. We are delighted to be welcoming the entire Rainbird team into the Group, particularly as we enter an exciting time for the business with our integration strategy beginning to gather momentum. I look forward to the contribution the Rainbird team will make to this initiative and to the future of One Four Nine Group”.