Financial planning and investment management business Abacus Money Management has bought Westcliff Financial Management.

Westcliff’s director, Mark Dyer, will retire following the completion of the acquisition of his Somerset-based firm.

This is the fourth deal undertaken by Abacus, which has offices in Bristol and Gloucestershire and specialises in face-to-face financial planning and investment management for high net worth and mass affluent clients in the south west. The firm has focused on acquisitions since 2016 under director Noel Greaves.

Mr Greaves said: “This is an excellent opportunity for us. The...