Wren Sterling has completed a deal for Ilkley-based financial advisory practice, White Wells Investments LLP.
White Wells has around £50m of client assets under advice, and under the terms of the deal, the firm’s principal, Michael Dunn, has joined Wren Sterling as an employed adviser.
The acquisition is Wren Sterling’s first transaction of 2021 and comes on the back of an acquisition facility secured from Dunport Capital Management in 2020, which will enable Wren Sterling to make further acquisitions throughout the year.
Ian Halley, Wren Sterling’s Chief Executive Officer said: “First of all, I’m delighted to welcome Michael to Wren Sterling. He has built an excellent business over many years with a loyal client bank, which makes White Wells exactly the sort of well-run advice business I want to add to Wren Sterling.
“Wren Sterling has gone from strength to strength over the last twelve months with two excellent acquisitions completed and we have continued to grow in this tough trading environment. We will continue to make acquisitions of high-quality businesses in the year to come.”