Broadstone has sold its wealth management business to Thomas Miller Investment pending FCA approval, Mark Howlett has announced.
Mr Howlett, chief executive of Broadstone, said the business will now be able to focus on its core offering of advice within the corporate benefits arena, particularly to small and medium-sized enterprise clients.
Mr Howlett said: “Broadstone has an abundance of experience in corporate benefits and a philosophy of providing clients with a highly professional service.
“Most of our clients require a full-service proposition, for strategic pensions advice including auto-enrolment, ongoing risk and healthcare requirements, and care about their employees.
“I am determined to continue our stated growth plan and build this business over the next few years.
“This will involve actively seeking further acquisitions over the next 18 months that will complement our existing service proposition.”
Adviser view
Neil Mutton, partner for London-based Ablestoke Wealth Management, said: “The automatic enrolment market is a huge opportunity for advisers willing to roll their sleeves up and learn. The opportunity is not only to gain long-term corporate clients, but also to provide a range of services to them.”
