BRI Wealth Management continues regional expansion as assets under management reach record high
Coventry-based BRI Wealth Management has completed the acquisition of West Midlands Wealth Management (WMWM).
The move adds around £50 million in client assets across 80 households.
Founded in 2015 by Ian Gough, WMWM provides independent financial advice across investment management, retirement planning and estate preservation.
Gough, a chartered financial planner with more than 35 years’ experience in financial services, will join BRI as part of the deal.
Dan Boardman-Weston, CEO of BRI Wealth Management, said: “This acquisition underlines our commitment to offering a client-first alternative to private equity-driven consolidation.
“Our ambition is not to be the largest wealth manager, but to be the leading one in our region, built on continuity, trust and long-term relationships.”
Gough said: “BRI’s client-centric culture, strong team and tailored advice offering align closely with the way we have always worked.
“I am confident this partnership will provide our clients with access to even greater expertise and resources.”
Strong growth
The acquisition follows a period of strong growth for BRI, which now manages approximately £800 million in client funds, a record high.
The firm completed a separate acquisition of Gloucestershire-based FutureFocus Advisory Limited in October last year, adding a further £40 million in assets.
Boardman-Weston added: “We are seeing record levels of enquiries and client inflows. With only around 9% of UK households receiving financial advice, demand for high-quality advice has never been greater.”
