Blythin & Brown IFA division sold to Westerby Investment Management

Blythin & Brown IFA division sold to Westerby Investment Management

Posted: Thu, 09 Jun 2022 08:23

Blythin & Brown IFA division sold to Westerby Investment Management

IFA Division sold to Westerby Investment Management

Westerby Investment Management has completed an acquisition of the clients of the Independent Financial Advice company, Blythin and Brown Financial Solutions Limited (BBFS), the financial services arm of Blythin & Brown Insurance Brokers Ltd.

The completion of the acquisition means Leicester-based Independent Financial Advice company Westerby Investment Management Limited will experience a significant increase in its funds under management.

Commenting on the acquisition Westerby Group Managing Director Steve Harvey said, "We are delighted to announce this client acquisition providing continuity to Blythin & Brown Insurance Brokers Ltd proposition. Having provided a financial advice solution to its customers for over 50 years, The Blythin & Brown ethos and synergy aligned perfectly with Westerby. We are looking forward to this exciting new chapter with Blythin & Brown Insurance Brokers Ltd. as Blythin and Brown Financial Solutions Ltd become part of the Westerby brand."

Westerby Group Chairman Les McLintic added, "Traditionally, Westerby has grown organically. This latest acquisition will not only boost that growth strategy, it will contribute to our long term future in the industry for clients old and new."

Blythin & Brown Insurance Brokers Ltd 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 and 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 provide a continuity of service whilst the two businesses are integrated. Westerby would like to extend a warm welcome to all of the Blythin and Brown Financial Solutions Ltd clients and professional connections and offer its assurances 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. 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.

Tags: Blythin & Brown, Commercial Insurance