Sumus has acquired Financial Services Advice & Support, the Dunfermline-based independent financial advice network, for an initial £859k in cash and shares. A further consideration of up to £1.141m will be paid based on FSAS's EBIT for the 12 months to September 2007. FSAS has assets under advice of approximately £700m from its 60 clients. The company anticipates a turnover of around £10m for the financial year ending 31st October 2006. With the acquisition of FSAS, Sumus will now have over 300 IFAs and Mortgage Advisors, and its assets under advice will total £2bn. Allan Rosengren, chief executive of Sumus, commented: "This is the first acquisition completed by Sumus since its admission to AIM in February 2005 and is part of our strategy of building a strong, well-funded and top quality IFA group. We have a track record of delivering continued growth by developing opportunities that are earnings enhancing and profitable.”