National advice firm Tilney Bestinvest has acquired Birmingham-based financial planning business Webb Holton for an undisclosed sum.
As part of the deal, four advisers will join Tilney, which already employers around 400 staff across the UK.
Tilney Bestinvest chief executive Peter Hall says: “We aim to be a leader in pensions in the UK and we are pursuing that strategy through a combination of new hires, office openings, acquisitions and our forthcoming partnership with Saga.”
He adds: “The integration of Webb Holton expands our ability to help people who want face-to-face advice. The deal fits extremely well with our strategy and we are actively pursuing other acquisitions where the people and cultural fit is compelling.”
Webb Holton director Nigel Lister says: ““We are very excited to be joining Tilney Bestinvest and especially to be part of its growing presence in the Birmingham wealth management scene.”
In January, Tilney and Saga announced a joint partnership delivering investment advice and financial planning for the over-50s.
Saga Investment Services is due to launch later this year.