The Westerby Group has acquired Redswan Ltd, a Manchester-based specialist pension provider and Independent Financial Adviser.

The asset purchase brings Redswan’s IFA business and trustee companies into the Westerby brand, marking another milestone in our strategic growth plan, which has involved the acquisition of several businesses, particularly over the past five years.

Westerby recently become an Employee Ownership Trust after chairman and founder Les McLintic transferred all his ordinary voting shares in the company to the trust to make employees beneficiaries of any future profits.

The latest acquisition is part of the company’s growth strategy to buy more businesses across the financial advice, Ssas and Sipp sectors and has seen clients grow to 5,000.

Commenting on the deal, Westerby chairman and founder Les McLintic said, “We’re delighted to announce the purchase of Redswan Ltd and we would like to extend a warm welcome to all Redswan clients and professional connections.”

Stephen Harvey, Managing Director of Westerby adds, “As a strong and resilient business with a proven track record of successfully integrating the businesses we acquire into the Westerby Group, we look forward to extending our expertise to our latest portfolio of new clients.”

With this acquisition, the firm’s total assets under trusteeship, administration, and advice now exceed £1.66 billion.

 

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