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Family firms reveal merger
TWO family firms are now working together to expand their services across County Durham.
Chambers Financial Services, run by Bishop Auckland businessman Norman Chambers, has merged with a wealth management practice owned by his son Andrew, to become Arc Wealth Limited.
Arc has offices in Darlington and Bishop Auckland, and focus on services including pension and retirement planning, investment planning, inheritance tax planning and protection and mortgage advice.
Andrew Chambers, managing director, said: “My dad has worked in the financial services industry for many years so I trust his business knowledge and experience.
“He has a lot of clients in his practice so we want to reassure them Norman is still there, but we are now able to offer extra services to our clients and we are well placed to serve them within the current financial market place.”
The company’s family links have been strengthened with the appointment of Norman’s daughter Aimee Vickers as practice manager.
Norman added: “We are well established in the Bishop Auckland area but merging the two businesses together made perfect business sense.
“Andrew was expanding his own company, so it was the ideal time for both of us.”