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Financial planner acquires web-based benefit admin firm

Mazars Financial Planning, the financial planning and advisory business of accountancy firm Mazars, has acquired the business and assets of Redbourne, a specialist employee benefit administration business.

Redbourne was established in 2000 and has been developed by Richard Stewart and Steve Carter, who remain with the business on its transfer to Mazars.

The company has grown rapidly since its foundation, attracting a robust client base across a variety of sectors. Its core product, Benefits Hub, provides web-based employee benefit management technology.

Currently based in Surrey, Redbourne's management and staff will move to Mazars' UK headquarters in Tower Bridge House, London, in due course.

Ian Pickford, Mazars partner and advisory services director at Mazars Financial Planning, said: "The addition of Redbourne's products and team will significantly strengthen our advice-based employee benefit proposition, in terms of both intellectual property and skill set. It represents an important plank of the restructuring of our corporate offering."

Richard Stewart, director at Redbourne, added: "We are delighted to be joining Mazars and look forward to supporting its employer services proposition. This move provides a strong strategic fit for Redbourne to help employers deliver modern and valued employee benefits."