Wren Sterling strikes first takeover deal of 2024

Nationwide Monetary Planner Wren Sterling has accomplished its first acquisition of 2024 with a deal to purchase £265m AUM Newcastle-under-Lyme agency TW Monetary Planning.

Staffordshire based mostly TW FP serves 750 households and its workplace will turn out to be a part of Wren Sterling’s community.

Seven members of TW workers will be part of Wren Sterling.

Wren Sterling, which has £7bn in property underneath recommendation, says the deal will enhance its presence within the West Midlands.

Wren Sterling has 13 workplaces in 11 areas throughout the UK with additional plans to broaden. It has grown quickly lately and made many acquisitions.


Final summer season it added £400m in AUM after taking on Guildford-based IFA Messer & Matthews in July and in addition acquired a majority stake in Cornwall-based The Stockdale Group. The 2 offers added round 1,000 shoppers to the agency.

In Could final 12 months Nottingham-based Wren expanded into Northern Eire with the acquisition of Ralston Bennett Monetary Planning and Features Monetary. The agency has additionally expanded its presence within the North West with the acquisition of St Helens-based Callisto Wealth, which can turn out to be a part of Wren Sterling’s North West hub in Wilmslow.

Different acquisitions in current occasions included Energetic Wealth Administration and HB&O Monetary Companies in March, including 860 shoppers and £330m in property.

Wren Sterling Group is backed by Lightyear Capital, a New York-based personal fairness enterprise that specialises in monetary companies investments, following a secondary administration buyout that passed off in December 2021.

James Twining, Wren Sterling’s CEO, stated: “This deal ticks a variety of containers for Wren Sterling. TW Monetary Planning is a self-sustaining enterprise borne out of shut working relationships with skilled introducers and has grown by consumer referrals and a robust native repute.

“Our funding in expertise and our central sources, together with our Funding Committee, will do among the heavy lifting that comes with working an recommendation enterprise and permit the group to give attention to consumer work, which is what they do finest. The standard of the TW Monetary Planning group, with some attaining Chartered standing, will additional develop our general customary of recommendation and I’m trying ahead to bringing their experience to the remainder of Wren Sterling.”

Chris Devey, a director at TW Monetary Planning, stated: “Wren Sterling’s service proposition is similar to ours, whereas their onboarding course of has been designed to minimise disruption to our shoppers and colleagues, which has at all times been our precedence when in search of a agency to take our enterprise to the following stage.

“Retaining our workers and our hyperlinks to Thompson Wright Chartered Accountants, plus the chance to profit from Wren Sterling’s scale, experience, instruments, expertise and sources is a compelling provide and we imagine this can solely profit us, and our shoppers.”

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