Coventry-based BRI Wealth Management has added £50mn in client assets with the acquisition of West Midlands Wealth Management.
The firm was founded in 2015 by Ian Gough, who has been in the industry since 1987.
Dan Boardman-Weston, chief Executive at BRI Wealth Management, said: “I have great admiration for the value and service that Ian has provided to his clients over the years.
“This acquisition underlines our commitment to offering a client-first alternative to private equity-driven consolidation.”
He added his ambition is for BRI to be the leading wealth manager in the region.
Gough said: “Today marks an important milestone for both WMWM and our clients. I am proud to have guided the firm to this stage, and it has been a pleasure getting to know Dan and his wider team.
“BRI’s client-centric culture, strong team and tailored advice offering align closely with the way we have always worked.
“I am confident this partnership will provide our clients with access to even greater expertise and resources to support their long-term financial planning.”
Currently BRI manages around £800mn in client funds.
In October last year, BRI bought Gloucestershire-based advisory firm FutureFocus Advisory Limited, adding £40mn in client assets.
Boardman-Weston added: “BRI is entering an exciting period. We are seeing record levels of enquiries and client inflows.
“With strong momentum, a talented team and a compelling client proposition, we are confident about the years ahead.”
tara.o’connor@ft.com
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