Independent Wealth Planners UK (IWP UK) has acquired financial planning firm Westinsure Webb Financial Services, boosting the company’s existing presence in the South West.Westinsure Webb is based in Truro and has been serving clients for over 60 years. The business will join IWP’s regional hub, Kelsall Steele Investment Services. Henry Clayton will remain as CEO of the firm, continuing to lead Westinsure Webb’s team of experienced and qualified Independent Financial Advisers and support staff, until the integration has completed. Westinsure Webb has two advisers and a total of GBP70 million AUA.
Henry Clayton, CEO of Westinsure Webb, says: “Our business has been providing advice and excellent service to clients for a period in excess of 60 years. We have always believed in putting our clients first, and that is why Kelsall Steele Investment Services and the personalised and regionalised approach of IWP was the natural fit for us. As part of IWP we are also excited to access the opportunity both with the brand and its central support and resources, these will enable us to grow whilst keeping our focus on our clients.”
Wes Nixon, CEO of Kelsall Steele Investment Services, says: “We are thrilled to welcome Westinsure Webb to Kelsall Steele Investment Services and the wider IWP group. This acquisition marks the first step in our growth plans to build IWP’s South West hub into a GBP500 million true financial planning business. Henry has built an excellent business and I am looking forward to driving the next phase of growth for our combined businesses.”
David Inglesfield, CEO of IWP, says: “Westinsure Webb is a great addition to our Hub in the South West. We look forward to supporting these businesses as they grow and build on the excellent service they provide to clients.”
IWP was created to grow, support and promote the UK’s brilliant local independent financial advisory (IFA) firms and build the UK’s best financial advice service. IWP provides market-leading operational and support services, including compliance, IT, investment research, marketing, recruitment and training, allowing IFAs to spend more time with their clients. IWP acquires local firms but leaves the day to day management in the hands of local teams, who may also retain a participation in the ownership of the business.