Westerby Investment Management has bought the client book of Loughborough-based advice firm Blythin & Brown Financial Solutions as part of a "strategic partnership".
BBFS is the financial services arm of Mountsorrel-based general business insurance broker Blythin & Brown Insurance Brokers.
The deal will see both firms retain their staff to enable consistency while the two businesses are integrated.
Blythin & Brown owners, Jonathan Blythin and 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 & 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.”
Westerby Investment Management Limited launched in 1987 and offers independent advice to individuals and businesses in the UK.
The group’s total assets under trusteeship, administration and advice is more than £1.5bn with around 5,000 clients.
Westerby managing director Steve Harvey said: “We are delighted to announce this client acquisition which will provide continuity to Blythin & Brown’s 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.”
Chairman Les McLintic added: “Traditionally, Westerby has grown organically. This latest acquisition will not only boost that growth strategy, but it will also contribute to our long-term future in the industry for clients old and new.”
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