The Westerby Group has announced the acquisition of Bristol-based Cabot Trustees Limited, marking its fourth successful acquisition in the financial sector since 2022. With this latest acquisition, the group’s assets under administration and management now exceed £2 billion.

Cabot Trustees Limited has over 20 years of experience in pensions, specialising in trustee services and administration of Self-Invested Personal Pension schemes (SIPPs). Integrating Cabot into the Westerby Group further expands and consolidates Westerby’s high-level service offering.

This development is a key milestone in Westerby’s ongoing strategy to develop its expertise and market reach through acquisitions.

Commenting on the news Westerby group managing director Stephen Harvey said, “We’re delighted to welcome the staff and clients from Cabot Trustees Limited. This acquisition strengthens our expertise in the financial services market. It also establishes us as uniquely positioned to work with individuals heading for retirement to ensure their financial planning is set up to maximise the potential of any assets.”

Earlier this year, Westerby Group transitioned to an Employee Ownership Trust (EOT), with Chairman and founder Les McLintic transferring all voting shares into the trust.

According to McLintic, the firm is looking to make further deals within the financial services sector.

“This latest acquisition both reinforces and elevates our position as independent advisers and Sipp/Ssas trustees and administrators, ensuring we continue to offer both current and new clients a fully comprehensive high level of service,” he said.