UK-based BRI Wealth Management has bought Worcestershire-based Singular Financial Planning for an undisclosed sum.
The deal brings an additional £30m ($38m, €35m) of assets under management and expands BRI’s footprint in the wealth management sector across the Midlands.
Dan Boardman-Weston, chief executive at BRI Wealth Management, said: “The last few months have seen significant development and change for BRI and I’m proud of what our team has been able to achieve. Our offering and long-term orientation is resonating with clients, potential employees and advisers looking to retire from the industry.
“Market conditions have been challenging but we continue to invest in our business to help the increasing number of people that require professional financial advice.
“BRI continues to go from strength to strength and our recent acquisitions and expanded team put us firmly on track to becoming the leading regional wealth manager and moving our assets under management to £1bn over the next few years. However, our focus continues to remain on being the best and not the biggest.”
The acquisition follows BRI’s purchase of Bransford Financial Planning in January 2023.