Independent Wealth Planners UK has announced the acquisition of 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 £70m 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, commented “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 £500m 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 also has plans to launch a new adviser academy next year, with the aim to train and graduate 50 new advisers who will join the firm each year. The graduates of the scheme will both replace retiring advisers within the firm and expand the existing team, in order to support the organic growth of IWP.
Mr Inglesfield commented on his plans for the new academy:”We hope to gain traction this year and then start to get some people coming through the academy early next year.
“What we are looking at doing in particular for the academy is bringing in those people changing career, for example professional sports people who reached the end of their career or people coming out of the forces and looking for a new career in civilian life.
“Also people returning from parental leave – ultimately for whatever reason but people who have good life experience for whom this is a really attractive career move and we can support them through the qualification and exam process and provide them with training to become advisers.”
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