Advice firm takes stake in vet specialist

Advice firm takes stake in vet specialist

CWB group, the Midlands-based financial advice group, has taken a majority stake in veterinary sector specialist Professional Practice Services (PPS).

CWB owner and founder Graham Clarkson said that the deal would allow PPS to offer a "greater range of services", and free up PPS founder Dr Paul Jackson to spend time with his clients.

PPS represents more than 2,500 veterinary practices and is the only financial services specialist in the UK working exclusively for the veterinary sector. It employs 20 people and is based in Bromsgrove, Worcestershire.

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“Considering how Graham and his team have evolved the CWB Group in recent years, I’m delighted that PPS is becoming a part of this growing success story. The combined size of the group means we can offer our clients more services and solutions, and obtain even better terms from product providers," Dr Jackson said.

CWB, which has offices in London, Market Harborough and Solihull, is a specialist provider of financial advice, employee benefits and business consultancy. The newly combined group will continue to operate under the existing CWB and PPS brands.

Mr  Clarkson said: “I’ve known Dr Paul Jackson for over 10 years and have been impressed with how he has developed his business. PPS has become the market leader in providing financial solutions to the veterinary industry.

"Our joint ambition is to consolidate this success and to enable PPS to offer a greater range of services to its clients”.