Coventry-based BRI Wealth Management has completed its acquisition of financial advisory firm West Midlands Wealth Management, for an undisclosed amount.
The deal brings approximately £50m in additional client assets under management to BRI covering 80 households.
West Midlands Wealth Management was founded in 2015 by Chartered Financial Planner Ian Gough to provide independent advice across investment management, retirement planning and estate preservation.
Mr Gough, who has worked in financial services since 1987, previously held roles at Norwich Union and Towry Law.
Mr Gough said the deal was “an important milestone” for his firm and its clients. He added: “I am proud to have guided the firm to this stage and I am confident this partnership will provide our clients with access to even greater expertise and resources to support their long-term Financial Planning.”
The acquisition follows a period of strong growth for BRI. The firm now manages approximately £800m in client funds.
BRI has also strengthened its leadership team with the appointment of Toni Meadows as Head of Investments. Meadows brings extensive industry experience, having previously held senior roles at Omnis Investments, The Private Office and Towry.
Dan Boardman-Weston, chief executive at BRI Wealth Management, said: "Our ambition is not to be the largest wealth manager, but to be the leading one in our region, built on continuity, trust and long-term relationships, while delivering high-quality advice in a supportive and professional environment."