Web Financial Services Realises Expansion Plans

Web Financial Services has continued its five-year expansion plans with the acquisition of Bryant Kesek Financial Services.

Pictured are (l-r):
John Hughes, CEO Web.fs,
Ross Butters, MD Web.fs,
Stuart Smillie, Associate BKFS,
James Child, Senior Adviser BKFS

The acquisition has strengthened the team at Web.fs’ Gomshall offices by two independent advisers, taking the total to seven. Stuart Smillie of Byrant Kesek Financial Services (BKFS) is a corporate specialist and James Child deals with private client work. Lyn Mitchell, BKFS administrator, has also made the move to Web.fs.

Ross Butters, Managing Director, commented: “Following a previous acquisition, we have been looking to further bolster our adviser and client numbers and in turn, increase assets under management. BKFS brings with it around £20m in funds, expanding our total funds under management to over £150m.”

CEO John Hughes said, “Following prudent financial management of the business during the recent economic downturn, and our service-led approach, which has ensured almost 100% client retention throughout these difficult trading conditions, we have been able to put into place this phase of our expansion plans.

“This acquisition will strengthen the business, allowing us to continue to grow, as planned, over the next five years.”

BKFS has been in operation for 25 years and was previously based in Cranleigh. It will continue to trade as Bryant Kesek Financial Services.

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