LEBC Group and Aspira Corporate Solutions have amalgamated into one business, following LEBC’s sale of its assets and personnel to Aspira.
LEBC entered administration after the transfer of its assets.
In a company update, LEBC Group stated: “It has been agreed that the LEBC Group Limited business will transfer to, and become part of Aspira, with immediate effect. LEBC Group Limited will be wound up in an orderly fashion in due course.
All of the LEBC Group staff have transferred to Aspira and they will continue to look after you as they have done in the past and your service and commitment from us remains unchanged.”
The deal comes after a turbulent couple of years for LEBC. After leaving the defined benefit advice market, the firm posted a loss for two years in a row in 2019 and 2020, returning to profitability with less than £800k operating profit in the year to 2021. In comparison, it reported a profit of over £4m in 2018.
Derek Miles, chief executive of LEBC and Aspira, said: “This FCA-agreed combination is a logical consolidation of the two businesses’ expertise and will provide an enhanced proposition for our clients and their customers.
“All LEBC staff and personnel will be incorporated into Aspira, with the shared management team unchanged.
“I look forward to leading the combined company as we continue to provide high-quality advice to our expanded client base.”
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales
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