News

Selling your financial planning business
14
Aug

Woking IFA acquired by Wren Sterling

Wren Sterling has completed a deal with Corimar Holdings Ltd to purchase the assets of Frobisher Capital Ltd, an independent financial advisory business based in Woking.

John Westlake, an adviser with Frobisher, will retire following a short handover with Wren Sterling and fellow IFA, Murray Peterman, has joined Wren Sterling on a full-time basis.

The deal will add around £68m of assets to Wren Sterling’s assets under advice. The price is undisclosed.

Ian Halley, Wren Sterling’s CEO, said: “John and Murray have built a great business with a loyal client bank, so I’m delighted to welcome their clients to Wren Sterling. John deserves his retirement after many years of guiding clients through the biggest financial decisions they will make and I know that our service will provide continuity and expertise for them and their families.”

On Wren Sterling’s acquisition strategy, Ian added: “This is our fifth acquisition and it fits with our strategy of growing the business organically whilst augmenting this approach with the purchase of businesses with high quality assets.”

To understand more about the process of sellingyour business contact joshua.lee@gunnerandco.com