Bringing you live news and features since 2006 

Westerby Group celebrate milestone anniversary with record turnover

RELATED TOPICS​

Leicester based independent financial advisory firm Westerby Group’s original operation Westerby Investment Management has marked 30 years in business whilst Westerby Trustee Services is celebrating its 20th anniversary. 

All aspects of the group continue to thrive, with significant growth in combined turnover (50 per cent-plus), profit (300 per cent-plus) and employee numbers (50 per cent-plus) over the last three years.
 
In the past three months, WTS (provider of bespoke SSAS and SIPP schemes) have taken on a record number of new schemes.  Both WTS and WIM’s growth are mostly driven by varying factors, with a mutual element being the company’s positive ethos and spirit.  Where WIM’s business comes from mostly client referrals and professional connections, WTS’s comes from Independent Financial Advisers across the UK together with direct enquiries from an increasing number of High Net Worth/Sophisticated Investors.
 
Steve Harvey, Managing Director for Westerby Group since 2012, says:  “I’ve been in the industry for 36 years and with Westerby Group for the past five. It’s a huge achievement to have grown so much in size over such a short space of time. Each and every year the company reinvents itself in light of current compliance, politics, economic conditions and industry trends. These constant challenges in the industry actually allow us to differentiate ourselves by staying ahead of the game, where we need to be.”
 
While the business isn’t looking to acquire competitors, they are looking to expand further, both in Leicester and are also considering developing a presence in London. 
 
Harvey says: “I think our organic growth very much stems from the ethos and positivity of the team.  We have a very flat management structure and working conditions are extremely flexible.  We get offers once or twice a month to sell the businesses, but we’re not interested in that.  We’re excited to build on 30 years and take Westerby Group on to the next era.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by