Wealth management firm expands Midlands footprint with latest acquisition
Verso Wealth Management (Verso) has acquired Knowle-based Heritage Independent Financial Advisers, boosting the West Sussex firm’s presence across the Midlands and advances its strategy to build a national wealth management group.
Founded in 2003, Heritage provides specialist financial advice and planning for high-net-worth individuals, families and corporate clients. The firm has a team of 17, comprising advisors, planners, researchers and support staff.
It provides advice on assets in excess of £200m as at Q3 2022.
Heritage’s three principal directors, John Shackleton, Patricia Chaplain and Anne Windle, will remain in the firm working with Verso’s executive team to expand its footprint across the region and its advisor network.
Simon Redgrove, Verso’s managing director, said: “I am delighted to welcome Heritage to the Verso family. It is an exciting time to join Verso as we continue to execute on our M&A and integration strategy to build a national tech-enabled wealth management group. With the support of our strategic partners, Cairngorm Capital and their buy, build and transformation expertise, our ambitious IFA consolidation plans are gathering pace, and we are excited to establish Verso’s presence in the Midlands via the acquisition of Heritage.”
Anne Windle, managing director of Heritage, said: “We are thrilled to be joining Simon and the team at Verso as the Verso model overcomes many of the challenges and inefficiencies in our market. We will be able to relinquish our day-to-day regulatory and operational hurdles and focus on what we do best – providing our clients with the very best advice available.
John Shackleton, Heritage’s chief executive, added: “We are very excited about this next chapter at Heritage. Like all ambitious businesses, we want to continue our success and expand further. Our partnership with Verso advances this and forms a key part of our future growth strategy.”
