Verso Group, a consolidator in the UK wealth management market, has bought Midlands-based chartered financial planning firm Everlong Wealth Limited.
This acquisition adds scale to Verso’s adviser network and strengthens its presence across the East Midlands.
Everlong managing director, Paul Hamilton, and his team will join Verso and work alongside the executive team, while chair, Richard Garside, and director, Jakki Gorgan, will leave the business.
Verso’s advisory business managing director, Simon Redgrove, said: “Our businesses are closely aligned in how we work and the values we hold, which makes this a strong fit.”
Established in 2003, Everlong provides wealth management and financial advisory services to businesses and individuals throughout the Midlands.
Hamilton added: “Joining Verso represents an exciting new chapter for our clients and team. With our shared commitment to excellence, it was an easy decision to make.
“Verso’s client-centric business model, with its focus on quality financial planning, will free us to concentrate on what we do best — providing our clients with outstanding advice, innovative investment solutions and exemplary service.”
Hamilton added that, as a result of the acquisition, Everlong’s clients will have access to a wider range of investment solutions and its employees will have opportunities for professional development.
“It’s a win-win all around so we look forward to contributing to Verso’s growth across our region,” he said.
tom.dunstan@ft.com
What’s your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
