Bristol-based financial services firm Parmenion has struck its first deal since it was sold by London-listed investment giant Abrdn last year.
The company, which manages more than £8bn for around 1,500 financial advisers with more than 80,000 clients, has acquired EBI Portfolios for an undisclosed sum.
Midlands-based EBI currently administers £1.9bn for more than 150 advisory firms and nearly 7,000 underlying customers.
