Rowan Dartington, the UK discretionary wealth manager, has acquired of Isle of Man-based online wealth platform Acordias.

Rowan Dartington, the UK discretionary wealth manager, has acquired Isle of Man-based online wealth platform Acordias.

The acquisition of the platform will enable the firm to deliver its stockbroking and discretionary fund management capabilities on a “global basis”, Rowan Dartington said in a statement.

Acordias supports the international advisor community by providing an open architecture platform that offers not only funds, but also direct holdings in equities, structured products and other investment instruments.

Rowan Dartington said that the acquisition provides Acordias with the infrastructure support and financial backing to push ahead with its growth plans.

Over the last three years, Rowan Dartington has built up a network of branch offices in London, Chichester, Hereford, Weston-super-Mare, Exeter and Cheltenham.

“This is an important, and very exciting development for Rowan Dartington as this acquisition represents a significant step for our business as a leading investment services provider. It is the perfect opportunity to combine our stockbroking and investment management expertise with the existing, well-functioning technological framework that will allow us to expand our distribution base globally,” said Graham Coxell, chairman of the firm.

Last month, Rowan Dartington appointed Andrew McCulloch as investment manager to its London office and investment team. Other recent hires include Andrew Snowball as business relationship director.