Beckett Investment Management has acquired the clients of Paul Schwer, an IFA based in Felixstowe, for an undisclosed sum. Mr Schwer will be retiring after the transfer has been completed and the firm’s clients will be looked after by a team of consultants headed up by Jenny Williams at Becketts’ Ipswich office.
Private Client Director at Becketts, Gavin Wood, said “It was an easy decision for us to welcome Paul’s clients because he has provided the highest levels of advice to them for many years. Our firms share the same values and we know that the clients will enjoy the same level of friendliness, professionalism and efficiency.”
Paul Schwer added: “I’ve known most of my clients for many years and so it’s comforting that they’ll be looked after by a reputable firm. The industry has changed a great deal since I started Paul Schwer Financial Services in 1990 but one thing has stayed the same and that’s the importance of integrity.”
Becketts manages around £0.85 billion of client funds, and was recently recognised as one of the top 100 advice firms in the UK by prestigious industry publication New Model Adviser.
From right to left in picture: Paul Schwer, Jenny Williams and Gavin Wood.