Chase de Vere, the national independent financial advisory firm with an office in Bath, is to expand through the acquisition of a business specialising in providing financial planning advice to medical, dental and other professionals.
The deal to buy Medical Money Management, which has eight offices including in Portishead, near Bristol, is due to be completed on October 23.
Medical Money Management’s 16 partners and 64 employees will then join Chase de Vere, adding 30 independent financial advisers to its existing team. 
Chase de Vere chief executive Stephen Kavanagh said: “We share many similarities with Medical Money Management, including expertise in advising the medical profession, a strong focus on putting clients first and a commitment to remaining independent and providing independent financial advice to our clients.
“This acquisition is another big step forward in our aim to be the leading firm of independent financial advisers in the UK.”
Medical Money Management equity partner Craig Watson added: “The partners of Medical Money Management conducted comprehensive research into the future requirements of our business and the infrastructure needed to maintain an expert financial advice practice. We concluded that it is best for our clients and our employees for us to become part of a larger company.
“It is imperative for us that we remain independent, we did not want to join a restricted advice firm. This is why we’re delighted to be joining Chase de Vere, a firm which is as committed to providing good quality independent financial advice as we are.”
Medical Money Management was established in 1971 and has an annual turnover of £8.1m. Financial details of the deal have not been disclosed.
Earlier this year Chase de Vere’s Bath office took on Megg Irvine, a specialist consultant to work exclusively with medical professionals in the area.
The firm, which provides independent financial advice and planning services for private individuals and businesses, has 13 offices across the UK.
