Leicester independent financial advice firm acquires clients of Mountsorrel business

Added by Love Business East Midlands | 26 May 2022

UPDATED: 31 May 2022

Westerby Investment Management has completed an acquisition of the clients of the independent financial advice company, Blythin & Brown Financial Solutions Ltd (BBFS).

BBFS is the financial services arm of Mountsorrel-based general business insurance broker Blythin & Brown Insurance Brokers Ltd.

The completion of the acquisition this month (May) means Leicester-based independent financial advice company Westerby Investment Management Ltd will experience a significant increase in its funds under management.

As the deal was confirmed, Westerby Group Managing Director Steve Harvey said,

“We are delighted to announce this client acquisition which will provide continuity to Blythin & Brown Insurance Brokers Ltd.’s proposition. Having provided a financial advice solution to its customers for over 50 years, the Blythin & Brown ethos and synergy aligns perfectly with Westerby. We are looking forward to this exciting new chapter with Blythin & Brown Insurance Brokers Ltd.”

Westerby Group Chairman Les McLintic added,

“Traditionally, Westerby has grown organically. This latest acquisition will not only boost that growth strategy, but it will also contribute to our long-term future in the industry for clients old and new.”

Blythin & Brown Insurance Brokers Ltd.’s owners Jonathan Blythin & Richard Picton said,

“With the intended retirement of Richard Blythin, we were looking for a safe pair of hands to expand our financial advice proposition via a strategic partnership. Choosing Westerby was easy because the synergy of independence, culture and service levels align. Also, having a long-standing relationship with Westerby cemented the decision. The Blythin & Brown team are looking forward to working closely with Westerby in our various professional propositions in the future to ensure continuity of service for our new and existing commercial and private insurance clients.”

The retention of staff will enable consistency whilst the two businesses are integrated. Westerby also assured Blythin & Brown Financial Solutions Ltd.’s clients and professional connections that the high standards of service and advice they are accustomed to will continue through Westerby’s professional services.

Established in 1987, Westerby investment Management Limited offers independent advice to individuals and businesses in the UK from its base in Leicester city centre. Its team of highly experienced and trained advisers provide advice on areas such as inheritance planning, investments, savings and life insurance. The Westerby Group’s total assets under trusteeship, administration and advice is now over £1.5billion with circa 5,000 clients.

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