Fidelius has agreed a merger with London-based wealth manager Timothy James & Partners (TJP).
The combined business will have 50 advisers, over £30m in revenue and more than £3bn in assets under management (AUM).
The group will look after a wide range of clients and cover the small and medium-sized enterprise (SME), professional, medical, arts and media sectors.
Tim Whiting, founder and managing director of TJP, will head a new team focused on larger clients, while the senior management team will stay in place to support the change.
Whiting said: “We have found in Fidelius a like-minded team who will be a great cultural fit.
“Our combined business will be a strong force in the advice market and build our presence beyond London.
“We are excited by Fidelius’s corporate function capability and investment in experienced personnel which will allow our consultants to spend more time with clients.
“It’s really is a merger that enables two and two to equal five!”
Ian Fowler, CEO at Fidelius, said: “We are delighted to have the opportunity to bring the Fidelius and TJP businesses together into a large advice firm with a laser focus on advice and client service and ambition to become the top independent chartered firm in the UK.
“This partnership will be a significant step in our five-year plan for growth, giving us the scale to create central services and a centre of excellence to help power the teams at Fidelius, TJP and the other great advice firms we work with.
“We are excited about the merged capability of the two businesses.”
