Fri, 17 Apr 2026 | BUSINESS SALE
Financial advisory firm William James Financial Services has embarked on a buy-and-build strategy after securing growth funding. The Birmingham-based business has acquired Wolverhampton-based counterpart Clarke Fencott LLP as the first step in a long-term acquisition drive.
Led by a team of former Newell Palmer advisers, supported by eight senior financial advisers and a wider team of around 25 professionals, William James provides a range of financial planning and investment advice services.
The acquisition of Clarke Fencott LLP is set to serve as a platform for William James to undertake future consolidation in the UK independent financial adviser (IFA) market. The acquisition was supported by the firm’s longstanding banking partner Metro Bank.
Through its buy-and-build strategy, William James is aiming to develop a national presence and will target independent firms seeking succession options while looking to preserve their brand, client relationships and local heritage.
Philip Stepp, Managing Director of William James Financial Services (pictured above), said: "This is an important step for the business and gives us a strong platform for growth. Clarke Fencott is a well-regarded firm and the transaction allows us to build on that in a way that works for clients and the team over the long term.”
During the transaction, Debrett’s served as lead adviser to William James, supporting the firm in securing funding and executing its first acquisition. Debrett’s team worked alongside William James’ management to develop its financial model, engage with funding partners and provide transaction support throughout the deal.
Mark Selby, head of Midlands and partner at Debrett's, said: "We're pleased to have supported Philip, Matthew and the William James team on this first step in their growth journey. They have a clear strategy and a thoughtful approach to building the business, and this transaction puts them in a strong position to move forward. We look forward to continuing to support them as they scale."
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