Chartered Financial Planning firm Unividual has been acquired by 7IM subsidiary Lync Wealth Management for an undisclosed sum.

As part of the deal, agreed in June but only announced this week, Bath-based Unividual will rebrand under the Lync Wealth Management name.

Unividual is a Chartered Financial Planning firm founded in 2000 with a mix of private and corporate clients.

There will be no changes to client fees, services or adviser relationships and Unividual's Bath office will remain open, Lync says.

Lync Wealth Management said the acquisition would strengthen its regional presence, as well as reinforcing its “commitment to delivering meaningful outcomes for clients.”

Lync has been part of the 7IM group since November when it was purchased from Adviser Service holdings (ASHL) along with Rockhold Asset Management. The wealth manager employs around 60 staff, including 28 advisers.

Lync has made a number of acquisitions over the last few years, starting to acquire financial advice firms in 2023. Since 2023 the firm has acquired over seven firms collectively managing £500m in assets under advice.

Before becoming part of Lync, Unividual was a family-owned business.

In 2021 Cherie-Anne Baxter, strategy and marketing director, and Lewis Baxter, Financial Planning director, became equal shareholders with founding director and their father John Baxter.

John Baxter, founder of Unividual, said its deal with Lync would secure the future for the firm’s clients.

He said: “This is a proud moment for our family and our team. We built Unividual on the belief that everyone deserves financial advice that’s as unique as they are. Joining Lync allows us to continue that mission with even greater resources behind us while staying true to our values and our clients.”

7IM and its Financial Planning subsidiaries have made a number of acquisitions in recent months.

Partners Wealth Management, another part of the 7IM group, acquired Aberdeen-based Johnston Carmichael Wealth for an undisclosed sum in March, bringing in around £855m in assets for around 1,500 private clients.