Bath financial firm is acquired by rival Fidelius

A UK financial planning group has bought up a Bath-based rival in a deal it says will bring more than £105 million into the business.

Fidelius Group, which has offices in Cheltenham, Chelmsford, Bridgwater, Bath, Mansfield and London, has acquired Robson Taylor IFA, on Pierrepont Street.

All staff will remain with the business, including Robson Taylor’s principals Paul and Debbie Timmins. The name Robson Taylor will change to Fidelius.

The acquisition will bring £105m of assets under management (AUM) and £780,000 in revenue to Fidelius, the firm said.

Jim Grant, inset, chief executive of Fidelius Group, said: “I have known Paul and Debbie for many years and have long thought Robson Taylor IFA would be an excellent fit for Fidelius, when the time was right for all parties. Paul, Debbie and the team at Robson Taylor IFA have worked very hard to build a great business, which is focused on valued long-term client relationships, and this fits very well with the Fidelius approach.” Fidelius said there would be no changes to costs for Robson Taylor’s clients following the deal. Paul Timmins, principal at Robson Taylor IFA, added: “Robson Taylor has been part of my life for 20 years. My team, client loyalty and friendships have been at the heart of what we do to provide the best advice.

“Fidelius is an extremely wellrespected business with shared client-centred values. With an everincreasing regulatory burden, we are now looking forward to adopting their services and expertise, benefiting from the economies of scale that Fidelius, as a bigger business, has in place. My saved time can be used to focus 100 per cent on servicing my clients, which is the part I enjoy most.”

Fidelius Group has £1.75bn under advice and 130 staff based in its offices around the UK.