Chartered Financial Planning firm Beckett Investment Management has acquired fellow East Anglian advice firm Norfolk & Suffolk Financial Services for an undisclosed sum.
Becketts is a financial advice firm based in East Anglia, with a specialisms in investment planning, retirement strategies, wealth management and employee benefits. It has been Chartered since 2011.
Fellow Chartered Financial Planning firm Norfolk & Suffolk Financial Services was founded in 1974 in Lowestoft, Suffolk.
Under the terms of the acquisition, which completed on 29 May, all members of the Norfolk & Suffolk team have joined Becketts with the Lowestoft office continuing to operate as normal.
Mike Davies, managing director of Norfolk & Suffolk Financial Services, said the acquisition formed part of the succession planning for the business.
He said: “As I look ahead to my retirement, it was important to find a partner that shares those values and could continue to support our clients and colleagues for many years to come. Beckett has a strong reputation, a commitment to putting clients first and an excellent cultural fit with our business.
“Importantly, our clients will continue to work with the people they know and trust, from the same Lowestoft office, while benefiting from the additional resources and expertise that come with being part of a larger organisation.”
Becketts said the acquisition brings together two well-established East Anglian firms and will expand its ability to deliver high-quality Financial Planning to clients throughout East Anglia.
Gavin Wood, managing director of Beckett Investment Management Group, said: “This acquisition further strengthens our presence across East Anglia and demonstrates our commitment to investing in talented people, maintaining strong local relationships and continuing to deliver outstanding outcomes for clients.”
Becketts was founded in 1989 and is headquartered in Bury St Edmunds, Suffolk, with additional offices in Norwich and Ipswich, serving over 4,150 private clients and employee services clients.
Managing director Charted Financial Planner and PFS Fellow Gavin Wood has been with the firm for over 10 years, being promoted to his current role in 2025.
The acquisition is the latest for Becketts, which has previously purchased Financial Planning firms with principals retiring. In December it acquired Ely-based Chartered Financial Planning firm Absolute Sense, adding £135m in assets under advice on behalf of 350 clients upon the retirement of founder Peter Waggitt.
It also acquired Ipswich-based Swallow Financial Planning, also a Chartered Financial Planning firm, adding around £90m in assets when founder Andrew Swallow was looking to retire.