Leicester-headquartered Westerby Investment Management has bought the client book of IFA firm Blythin & Brown Financial Solutions (BBFS) for an undisclosed sum.
BBFS is the financial services arm of Mountsorrel-based general business insurance broker Blythin & Brown Insurance Brokers.
All staff will join Westerby Investment Management to ensure continuity.
The Westerby Group’s total assets under trusteeship, administration and advice is now over £1.5bn ($1.89bn, €1.76bn) with around 5,000 clients.
Retirement
Westerby Group managing director Steve Harvey said: “We are delighted to announce this client acquisition which will provide continuity to Blythin & Brown Insurance Brokers’ 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.”
Jonathan Blythin and Richard Picton, owners of Blythin & Brown Insurance Brokers, added: “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.
“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.”
