News

27
May

Westerby makes first acquisition with purchase of Blythin & Brown’s client books

Westerby Investment Management has purchased the books of Blythin & Brown Financial Solutions.

BBFS, based in Loughborough, is the financial advice arm of the parent company Blythin & Brown Insurance Brokers.

Westerby Investment Management, the Leicester-based adviser, manages over £1.5bn assets across around 5,000 clients.

Westerby managing director Steve Harvey said: “We are delighted to announce this client acquisition which will provide continuity to Blythin & Brown’s proposition. 

“Having provided a financial advice solution to its customers for over 50 years, the Blythin & Brown ethos and synergy aligns perfectly with Westerby. We are looking forward to this exciting new chapter with Blythin & Brown Insurance Brokers.”

Like many exiting advisers, Blythin & Brown’s principal Richard Blythin is intending to retire in the near future.

Blythin & Brown owners, Jonathan Blythin and Richard Picton, said: “With the intended retirement of Richard Blythin, we were looking for a safe pair of hands to expand our financial advice proposition via a strategic partnership. 

“Choosing Westerby was easy because the synergy of independence, culture and service levels align. Also, having a long-standing relationship with Westerby cemented the decision. 

“The Blythin & Brown team are looking forward to working closely with Westerby in our various professional propositions in the future to ensure continuity of service for our new and existing commercial and private insurance clients.”

The deal is Westerby’s first acquisition, marking a new growth strategy which incorporates external growth.

Chairman of Westerby, Les McLintic, commented: “Traditionally, Westerby has grown organically. This latest acquisition will not only boost that growth strategy, but it will also contribute to our long-term future in the industry for clients old and new.”

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