The Westerby Group has acquired Redswan Ltd, a Manchester-based specialist pension provider and Independent Financial Adviser.
The asset purchase brings Redswan’s IFA business and trustee companies into the Westerby brand, marking another milestone in our strategic growth plan, which has involved the acquisition of several businesses, particularly over the past five years.
Commenting on the deal our chairman Les McLintic said, “We’re delighted to announce the purchase of Redswan Ltd and we would like to extend a warm welcome to all Redswan clients and professional connections.”
A strategic step forward
The acquisition is the latest step in our established growth strategy of acquiring businesses within the Independent Financial Advice and specialist SSAS and SIPP pension sectors.
In a smooth transition for all concerned, Redswan’s staff will remain in place, ensuring continuity and preserving the trusted relationships built up with clients over the years. The deal means Westerby will establish a new presence for in Manchester, in addition to our two Leicester locations and offices in Weymouth.
Growth through expansion
With this acquisition, our total assets under trusteeship, administration, and advice now exceed £1.66 billion, servicing over 5,000 clients.
Stephen Harvey, our group managing director adds, “As a strong and resilient business with a proven track record of successfully integrating the businesses we acquire into the Westerby Group, we look forward to extending our expertise to our latest portfolio of new clients.”
This acquisition comes at an exciting time for Westerby, as we have also just become an Employee Ownership Trust (EOT). The deal reinforces our ongoing commitment to delivering for our clients while expanding our business.
If you would like more information about how Westerby can support your financial goals, please contact us.
