Wed, 20 Sep 2023 | BUSINESS SALE
A pair of recent acquisitions have helped The Wren Sterling Group add around 1,000 new clients and more than £400 million in assets under management. The group recently acquired The Stockdale Group and, in July, completed the takeover of Guildford-based independent financial adviser (IFA) Messer & Matthews Ltd.
The Stockdale Group comprises financial advisory firm Stockdale & Co and discretionary fund management (DFM) firm Stockdale Asset Management. The company brings with it approximately 700 clients and 12 members of staff.
The acquisition of the Bodmin-based firm significantly strengthens Wren Sterling’s presence in the South West of England, with the group’s Chief Executive James Twining saying the region had “always been a bit of a gap” for the company, despite “being a region with increasing wealth, fuelled by the trend to move out of London post-pandemic.”
Twining continued: “The timing is perfect for us and allows us to increase our footprint in the same way we have done with the North-West and Northern Ireland in the last twelve months.”
He added that Stockdale’s client base and co-founder Keith Stockdale, who will retain a stake in the business post-acquisition, “will be central to developing our brand in the Devon and Cornwall area”.
The deal follows Wren Sterling’s acquisition of Guildford-based Messer & Matthews Ltd in July, which brought around £150 million in assets under management and 300 clients. Director Charles Matthews will remain with the business following the acquisition.
James Twining commented: “Messer & Matthews is a fantastic IFA business. Charles is a highly qualified adviser who has provided an exemplary service to clients over the years, and I’m excited to have him in Wren Sterling to drive up standards through his example.”
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