Capital and Trust - March 22, 2022 - 0 minute read

Amber River a Private equity-backed Financial Planning firm, previously known as Socium Group, has purchased HDA IFA, who are based in Cheltenham.

Amber River has been on an acquisition drive over the last couple of years and has more than doubled its adviser count since it rebranded in December.

HDA brings a team of 4 advisers and £380m in assets under influence to Amber River, bringing Amber Rivers total assets under advice close to the £7bn mark – three years after launching.

CEO of HDA, Robin Etherington said: “We’re all very excited to be part of the Amber River family and we’re looking forward to working together with the central team, alongside the regional Hub CEOs.”

Mary-Anne McIntyre, CEO of Amber River said: “It’s fantastic that Robin and the team have chosen to join us. Their business is very well-established and has earned a premium reputation in the Cheltenham and Cotswolds area. From our very first meeting with Robin, we knew we were ideally suited, and we can both see huge potential for HDA to continue to expand their proposition and services with our support, for the benefit of their clients and staff.”

The amount has yet to be disclosed.

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