Wealth manager reveals latest acquisition

BRI Wealth Management has announced its acquisition of Singular Financial Planning, bringing an additional £30m of assets under management.

Worcester-based Singular is the latest purchase by BRI following the acquisition of Bransford Financial Planning in January, which added £25m of assets to the portfolio.

The new group is hoping its recent acquisitions and expanding team will increase assets to £1bn over the next few years.

This year, Coventry-located BRI has added to its team by bringing on board two highly experienced financial planners, Mark Davis, formerly of Bransford, and Laura Ripley and added Nick Sinclair-Wilson to the board, as client services director. As the firm continues to expand, BRI says it’s actively searching for staff to support its operations.

Stuart Jefferies, chartered financial planner and director of Singular Financial Planning said: “We have taken some considerable time looking for a suitable firm to look after our clients in the future. BRI is one of the very few we met and felt happy with. I have every confidence that BRI will deliver a high-quality service to my clients and that they will be looked after very well.”

Dan Boardman-Weston, CEO at BRI Wealth Management, said: “I’ve had the pleasure of getting to know Stuart Jefferies over the last year and have great admiration for his skill as a financial planner and the service that he provides to his clients. We are committed to maintaining the high standard of service and professionalism that Stuart’s clients have come to expect.

“The last few months have seen significant development and change for BRI and I’m proud of what our team has been able to achieve. Our offering and long-term orientation is resonating with clients, potential employees and advisers looking to retire from the industry. Market conditions have been challenging but we continue to invest in our business to help the increasing number of people that require professional financial advice.

“BRI continues to go from strength to strength and our recent acquisitions and expanded team put us firmly on track to becoming the leading regional wealth manager and moving our assets under management to £1bn over the next few years. However, our focus continues to remain on being the best and not the biggest.”