SIPP trustee and administration firm Westerby Trustee Providers has acquired fellow SIPP administrator CPPL.
The deal is the primary acquisition for Westerby, which was established in 1996.
The Leicester-based SIPP administrator stated the deal will end in a major improve to its belongings beneath administration.
Westerby Trustee Providers is a part of the Westerby Group.
The Westerby Group’s whole belongings beneath trusteeship, administration and recommendation at the moment are over £1.5bn with circa 5,000 shoppers.
The group consists of wealth adviser Westerby Funding Administration, which relies in Leicester metropolis centre. It gives specialist monetary, taxation and unbiased funding recommendation to particular person shoppers and companies, within the UK and internationally.
Beneath the deal Westerby will retain CPPL’s Weymouth workplace and workers.
Steve Harvey, group managing director at Westerby stated CPPL has “nice synergy” with the agency as each specialise within the administration of SIPP and SSAS schemes.
Les McLintic, group chairman at Westerby, stated: “As an organization, Westerby has been rising organically for over 30 years. This acquisition won’t solely improve our development technique, however it would additionally contribute to our long-term future energy within the business.”