Wealth manager sees leadership change with management buy-in

A West Midlands wealth manager has completed a management buy-in with directors securing equal ownership.

Ian Butler and James Vickers, who have been with Margetts Wealth Management for over 20 years, join current owner Kevin Smith to ensure the business remains independent and owner-managed.

Based in St Paul’s Square, Birmingham, the firm manages over £230m in assets for 350 clients, including business owners, professionals and a network of accountants and lawyers.

Margetts Wealth offers clients an independent financial review, providing insights into their short-, medium-, and long-term planning needs.

With more than 75 years of combined experience, the team works with individuals and business owners to identify areas requiring support and expert advice.

This includes investments, retirement planning, protection, trusts and estates, succession planning, or accelerating exit strategies for business owners.

The team of three authorised advisors, supported by eight staff, also provides a wide range of services, from investment management to corporate transaction advice, while managing its own centralised investment strategies and diversified model portfolios.

Smith said: “We’ve come a long way since I took over in 2012, and this deal has been in the planning for more than four years. Ensuring our clients get the same no-nonsense and personal advice they’ve been used to is
a priority for me.

“Ian and James have helped shape our culture and have been an instrumental part of Margetts Wealth for over two decades themselves. They already had minority shares, so it seemed like a natural progression for them to become equal shareholders and drive us forward in the future.”