Coventry-based BRI Wealth Management has expanded its Midlands presence with the acquisition of two Financial Planning firms. 

It has acquired Chartered Financial Planner-run, Worcestershire-based Singular Financial Planning in a move that will add £30m of assets under management to BRI.

BRI also recently acquired Worcester-based Bransford Financial Planning, which added another £25m of assets.

BRI has also been on a recruitment drive recently and has hired two experienced Financial Planners, Mark Davis, formerly of Bransford, and Laura Ripley. The firm plans to continue hiring experienced planners.

In other recruitment, in last few months BRI has appointed Nick Sinclair-Wilson as client services director and he has also joined the board. The firm has also moved custody services to Third Platform Services.

The firm says its continues to see “record levels of new business and enquiries.”

Chartered Financial Planner Stuart Jefferies FPFS, 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.”

BRI Wealth Management CEO Dan Boardman-Weston 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.”

“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.”

BRI Wealth Management is an independently-owned wealth management company and was established more than 50 years. It advises private clients, families, trusts and charities.