The Westerby Group has announced the acquisition of Bristol-based Cabot Trustees Limited, marking its fourth successful acquisition in the financial sector since 2022. With this latest acquisition, the group’s assets under administration and management now exceed £2 billion.
This development is a key milestone in Westerby’s ongoing strategy to develop its expertise and market reach through acquisitions.
Strengthening expertise with Cabot Trustees Ltd
Cabot Trustees Limited has over 20 years of experience in pensions, specialising in trustee services and administration of Self-Invested Personal Pension schemes (SIPPs). Integrating Cabot into the Westerby Group further expands and consolidates Westerby’s high-level service offering.
Commenting on the news Westerby group managing director Stephen Harvey said, “We’re delighted to welcome the staff and clients from Cabot Trustees Limited. This acquisition strengthens our expertise in the financial services market. It also establishes us as uniquely positioned to work with individuals heading for retirement to ensure their financial planning is set up to maximise the potential of any assets.”
Cabot’s clients will continue to benefit from high standards of service and technical support, while also gaining access to the resources and expertise of the Westerby Group.
A strategic move for growth and expansion
The acquisition was completed without external third-party funding, reflecting the Westerby Group’s commitment to a self-reliant approach to growth. The group now operates from five office locations across England: Bristol, Weymouth, Manchester, and the original two sites in our home city of Leicester.
Employees as stakeholders
Earlier this year, Westerby Group transitioned to an Employee Ownership Trust (EOT), with Chairman and founder Les McLintic transferring all voting shares into the trust. This structure gives employees a direct stake in the business’s success and demonstrates a commitment to inclusive, employee-first business practices.
Four decades of growth
Westerby Group’s chairman Les McLintic has expressed his intention to continue to pursue further acquisition opportunities as part of Westerby’s ongoing strategy to increase market share and maintain its reputation as an independent adviser and leader in SIPPs and Small Self-Administered Schemes (SSASs).
Reflecting on the business’s journey ahead of its 40th anniversary in 2026, Les said, “We will be celebrating 40 years of successful trading with our Ruby Anniversary in January 2026. This latest acquisition both reinforces and elevates our position as Independent Advisers and SIPP/SSAS Trustees and Administrators, ensuring that we continue to offer both current and new clients a fully comprehensive high level of service.”
What does this mean for clients?
Clients of the Westerby Group will continue to benefit from its long-established expertise, with Cabot Trustee Ltd’s clients maintaining their established relationships with the Cabot team in Bristol.
For more information about how the Westerby Group can support your financial future, please contact us.
