The acquisition deal is the second under Tilney Smith & Williamson’s new succession programme.

FP Solutions provides pension and investment advice to clients.

Tilney Smith & Williamson announced the launch of the succession programme in October, targeting retiring financial advisers who want to transfer their client books.

Tilney says it is keen to talk to advisers who do not currently have a succession plan in place and want to consider moving their client book to the firm to ensure an orderly and “gradual handover” of relationships.

Steve Jupp, the founder and owner of FP Solutions, will join Tilney Smith & Williamson’s Chelmsford office and will report to Financial Planning partner Pete Beasant.

Richard Dawes, head of strategic partnerships at Tilney Smith & Williamson, said: “I am delighted that Steve Jupp is joining our Chelmsford office as part of our succession programme. Steve has built a great business working with clients from across Essex and this move will ensure they continue to receive a high-quality, personalised service for many years to come.

“The announcement also demonstrates our commitment to continue growing our business in Chelmsford and the wider Essex area.”

The Tilney Smith & Williamson Financial Planning team now has 300 Financial Planners following the merger between Tilney and Smith & Williamson in September 2020.

Since 2020 the firm has made a number of smaller acquisitions, including Guildford-based investment and financial advisory firm HFS Milbourne, Index Wealth Management in the Midlands and the wealth management arm of Moore Stephens.