Wealth adviser and pensions firm Westerby Group has acquired Bristol-based SIPP specialist Cabot Trustees Limited for an undisclosed amount.
It’s the firm’s fourth acquisition since 2022 and brings its assets under administration and management to more than £2bn.
Cabot Trustees Limited has a successful track record of more than 20 years in providing trusteeship and administration to members of its SIPP.
The deal expands Westerby’s reach further across England, with offices now based in Bristol, Weymouth and Manchester, in addition to the group’s original two sites in its home city of Leicester.
Stephen Harvey, group managing director of Westerby said: “This acquisition further strengthens our expertise in the financial services market. It also establishes us as uniquely positioned to work with individuals heading for retirement to ensure their financial planning is set up to maximise the potential of any assets.”
Nick Perris, founder and managing director of Cabot Trustees Limited said: “By integrating Cabot’s portfolio into the Westerby brand, we’re confident that our clients will continue to receive the excellent service they have come to expect from us, with the added bonus of continuing their established relationships with the Cabot Trustees Limited team in Bristol.”
In April this, the Westerby Group transformed its corporate structure into an Employment Ownership Trust (EOT) with chairman and founder Les McLintic transferring all the company’s ordinary voting shares into the trust.
The dynamic change in how the company operates within the financial services industry means its employees are now potential beneficiaries of any future profits.
Mr McLintic said he is now eagerly pursuing further acquisitions with the objective of gaining an even greater market share within the financial services sector.
He said: “We will be celebrating 40 years of successful trading with our ruby anniversary in January 2026. The latest acquisition reinforces and elevates our position as independent advisers and SIPP/SSAS trustees and administrators, ensuring that we continue to offer clients a fully comprehensive high level of service.”
Westerby Group was founded in 1986 with three staff and now has more than 100 employees. It comprises three companies: Westerby Investment Management Ltd, a provider of specialist financial, taxation and independent investment advice; Westerby Trustees Services Ltd and SSAS firm Westerby Pension Administration.