Financial planning group swoops for Manchester pension consultancy Redswan

Leicester’s Westerby Group, which now manages over £1.66bn in assets for more than 5,000 clients, has acquired Manchester-based specialist pension provider and IFA, Redswan.

Westerby will retain Redswan’s staff and establish a Manchester presence to complement its Leicester and Weymouth offices.

The asset purchase includes Redswan’s financial advice business and two trustee companies for Self-Invested Personal Pensions (SIPP) and Small Self-Administered Schemes (SSAS).

Established over 30 years ago the Westerby Group is an independent financial services business providing core services of wealth advice and SIPP & SSAS.

Westerby chairman Les McLintic said: “We are delighted to announce the purchase of Redswan Ltd. We would like to extend a warm welcome to all Redswan clients and professional connections as the brand integrates into Westerby.”

Redswan’s managing director Mark Andrews said: “We are confident that integrating Redswan’s portfolio into the Westerby brand will provide our valued clients with continuity of the trusted service they rely on, with the added benefit of retaining their relationships with the Redswan team in Manchester.”