The Westerby Group has bought Bristol-based Cabot Trustees Limited for an undisclosed sum.
The group now has more than £2bn of assets under administration and management.
Cabot Trustees Limited provides trusteeship and administration to members of its Sipp.
Nick Perris, founder and managing director of Cabot Trustees Limited, said: “By integrating Cabot’s portfolio into the Westerby brand, we’re confident that our valued clients will continue to receive the excellent service they have come to expect from us, with the added bonus of continuing their established relationships with the Cabot Trustees Limited team in Bristol.”
In April this year, the Westerby Group transformed its corporate structure into an employment ownership trust with chair and founder Les McLintic transferring all the company’s ordinary voting shares into the trust.
According to McLintic, the firm is looking to make further deals within the financial services sector.
“This latest acquisition both reinforces and elevates our position as independent advisers and Sipp/Ssas trustees and administrators, ensuring we continue to offer both current and new clients a fully comprehensive high level of service,” he added.
The group has now made four deals in the financial services since 2022.
It most recently snapped up pension provider and advice firm Redswan in April this year.
alina.khan@ft.com
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