Wealth specialists Greyfriars Asset Management has acquired the Independent Financial Services Division of Chesham Insurance Brokers.
Greyfriars, which is based in Leicester and has over £850m assets under management, says that the deal will add commercial and private insurance specialist assistance to its services. The core business of Chesham is arranging commercial insurance for many different businesses, ranging from corporates to SMEs, across a broad range of industries.
Partner and Head of Advice at Greyfriars Gareth Roberts said: “Through this vertical integration, we have the ability to expand the proposition we offer to both corporate and private clients.
“We are thrilled that another high quality business has decided to provide their clients with Independent Financial Advice from Greyfriars.
“Greyfriars has established a prominent presence in the UK in the financial services sector, thanks to both the loyalty of its customers and the energy of its employees.
“The partnership enables us to increase our specialist areas and widen our client proposition, setting the foundations for further expansion throughout the UK and internationally.”
CEO of Chesham Insurance Brokers Tom Bartleet said: “Our clients are increasingly looking for specialist independent financial advice from a trusted partner and we therefore wanted to build a solution that would cater for that demand.
“This partnership gives us the resources and expertise we need to be able to build on our client services and add value to our current proposition.
“Finding the right partner to work with our firm was pivotal to the acquisition and we firmly believe that Greyfriars can provide the quality of advice and service we demand, given their trusted experience. We share the same ethos when it comes to putting the client at the centre of all we do.”
