Tilney Bestinvest, a UK-based investment and financial planning group, has expanded its presence in the Midlands by acquiring Birmingham-based IFA Webb Holton & Associates for an undisclosed sum.
Webb Holton, which offers advice to both businesses and private clients, has £200m in assets under advice.
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Following the acquisition, Webb Holton & Associates’ four advisers will join Tilney Bestinvest.
Commenting on eth deal, Tilney Bestinvest chief executive Peter Hall said: "Building out our presence in financial planning across the UK is a key strategic priority for Tilney Bestinvest and the integration of Webb Holton’s business represents a further milestone in this respect. I have a lot of respect for the Webb Holton team who have a very high level of professionalism and expertise.
"We aim to be a leader in pensions in the UK and we are pursuing that strategy through a combination of new hires, office openings, acquisitions and our forthcoming partnership with Saga. Our recent launch of our At Retirement service offers help to people who want to do it themselves.
"The integration of Webb Holton expands our ability to help people who want face-to-face advice. The deal fits extremely well with our strategy and we are actively pursuing other acquisitions where the people and cultural fit is compelling," Hall added.
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By GlobalDataNigel Lister, a director of Webb Holton said: "The synergy between our team and Tilney Bestinvest is excellent, with an absolute focus on providing high quality advice and excellent client service."
