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Beckett makes bolt-on acquisition

Financial services company Beckett Investment Management Group (Beckett) has made a strategic bolt-on acquisition in the East of England, as it continues to expand amid continuing strong demand for its trusted services.

Six months after an investment from the GBP100 million Foresight East of England Fund, Beckett, which is headquartered in Bury St Edmunds, Suffolk, has grown its assets under management from GBP775 million to GBP850 million and expanded its team by more than 10 per cent to 85.

Managing Director, Ian White, says: “2021 is proving to be a milestone year for our business, which has continued to build on the strong foundations and excellent market reputation we are proud to have established over more than 30 years.

“We are a purpose-driven people business with deep roots in our local community, two factors which are integral to our continued success. By constantly providing our clients with the best advice and giving them the peace of mind they need, we are fortunate to benefit from many referrals.”

White says Beckett’s reputation in the region was instrumental in the recent acquisition of the clients of Paul Schwer, an Independent Financial Adviser based in Felixstowe.

Paul was looking to retire and he wanted to ensure that his clients – many of whom had been with him for many years – would be looked after by a reputable firm, so it was a beneficial deal for both parties,” says White. “As one of one of the largest independent players in the East of England, we are always alive to further acquisition opportunities, but we are selective and committed to sustainable growth.”

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