Yorkshire-based commercial law firm Schofield Sweeney has advised BRI Wealth Management on its latest acquisition, supporting the firm as it continues to expand through its regional growth strategy.
BRI Wealth Management has acquired financial advisory firm West Midlands Wealth Management, a move that will increase its managed client funds to a record £800 million. The deal marks the second transaction Schofield Sweeney has supported the wealth management firm on in the past six months.
Founded in 2015 by Ian Gough, West Midlands Wealth Management provides independent financial advice across key areas of financial planning, supporting clients through major life stages, including investment management, retirement planning and estate preservation. The business adds approximately £50 million in client assets across 80 households to BRI Wealth Management’s business.
Partner Dan Bisby and Director James Farrell from Schofield Sweeney’s Corporate team supported BRI Wealth Management with the acquisition.
Dan Bisby said: “We’re delighted to support BRI Wealth Management with another acquisition. Following our work with them in October on the acquisition of Gloucestershire-based advisory firm, FutureFocus Advisory Limited, the business experienced a period of strong growth. It’s fantastic that they returned to us for support with this latest deal, and we look forward to seeing their business continue to grow.”
Dan Boardman-Weston, Chief Executive at BRI Wealth Management, said: “This acquisition underlines our commitment to offering a client-first alternative to private equity-driven consolidation. Our ambition is not to be the largest wealth manager, but to be the leading one in our region, built on continuity, trust and long-term relationships, while delivering high-quality advice in a supportive and professional environment.
“I have great admiration for the value and service that Ian has provided to his clients over the years and look forward to continuing that commitment. I also want to thank Dan Bisby and James Farrell at Schofield Sweeney for their continued advice and expertise alongside Dan Campanale at Chapters Capital for introducing us to Ian.”
Ian Gough commented on the acquisition: “Today marks an important milestone for both WMWM and our clients. I am proud to have guided the firm to this stage, and it has been a pleasure getting to know Dan and his wider team. BRI’s client-centric culture, strong team and tailored advice offering align closely with the way we have always worked. I am confident this partnership will provide our clients with access to even greater expertise and resources to support their long-term financial planning.”
