Margetts Wealth has completed a management buy-in with directors, Ian Butler and James Vickers, who have taken equal shares in the financial planning firm.

The move will see the duo, who have both been with the company for over 20 years, join current owner, Kevin Smith, at the helm.

The Birmingham-based company currently manages more than £230m of assets and funds for 350 clients, including business owners, professionals and a network of accountants and lawyers across the region.

Three authorised advisers are supported by eight staff to deliver investment, estate, retirement, tax, and corporation transaction advice, with Margetts Wealth also running its own centralised investment proposition and diversified model portfolios.

Smith, who will now move to the position of chairman at Margetts Wealth, commented: “We’ve come a long way since I took over in 2012 and this deal has been in the planning for more than four years.

“Ensuring our clients get the same no-nonsense and personal advice they’ve been used to is a priority for me.”

He continued: “Ian and James have helped shape our culture and have been an instrumental part of Margetts Wealth for over two decades themselves. They already had minority shares, so it seemed like a natural progression for them to become equal shareholders and drive us forward in the future.”

Butler added: “This is a big moment for both James and I, and cements our long-term future with a business we are so passionate about.

“Remaining independent was a big priority. Our clients are used to receiving their advice and guidance in a certain way and that will continue with the new management structure.”

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