Wealth manager expands with 'milestone' takeover

A financial planning firm has expanded with a takeover.

BRI Wealth Management has bought West Midlands Wealth Management.

Officials say the move has increased BRI Wealth Management’s managed client funds to a record £800 million.

It has also added about £50 million in client assets across 80 households to the business, which operates out of Meriden, on the outskirts of Coventry.

Founded in 2015 by Ian Gough, West Midlands Wealth Management is known for services across areas including investment management, retirement planning and estate preservation.

Dan Boardman-Weston, BRI Wealth Management chief executive, said: “This underlines our commitment to offering a client-first alternative to private equity-driven consolidation.

“Our ambition is to be the leading wealth manager in our region, built on continuity, trust and long-term relationships.”

Ian added: “This marks an important milestone for West Midlands Wealth Management and our clients.

“I’m confident this partnership will provide our clients with access to even greater expertise and resources to support their long-term financial planning.”

The deal was supported by Bradford, Leeds and Huddersfield-based commercial law firm Schofield Sweeney, and comes after the legal operator worked with BRI Wealth Management last year on a swoop for Gloucestershire-based FutureFocus Advisory.

Partner Dan Bisby, who worked with director James Farrell on the deal, said: “It’s fantastic BRI Wealth Management returned to us for support with this latest deal.

“We look forward to seeing their business continue to grow.”

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