Jersey-based fiduciary services specialist FCM Trust has gained regulatory approval for the acquisition of wealth management business Guardian Asset Management.
The acquisition follows a period of growth and investment by FCM Trust over the past year, including a move to new offices and senior appointments to the board.
John Wood, Managing Director of FCM Trust, said: “The acquisition of Guardian Asset Management is an excellent cultural fit that creates greater opportunities for the future growth of the FCM business.
"The owner/manager of the Guardian business, Philip Van Neste, will be moving to FCM as part of the transaction.”
A review of the newly combined group brands is under way and until this review is completed, both FCM and Guardian will continue to operate under their existing brand names.