WBR Group has acquired NM Perris & Co Ltd, which trades as Brunel Trustees, along with associated companies Brunel Trustees Limited and Omniphi Systems Limited.

The deal, for an undisclosed sum, will see all three businesses continuing to trade under their current names.

Approximately 200 SSAS schemes with assets under administration of £300m will be included in the transaction.

Brunel Trustees focuses on SSAS administration, providing services to manage and administer SSAS pensions, seeking to ensure compliance with relevant regulations.

Meanwhile, Brunel Trustees Limited is an SSAS practitioner and trustee company, offering trustee services in managing SSAS schemes as it looks to ensure proper governance and administration of these schemes.

Finally, Omniphi Systems Limited specialises in developing software solutions for SSAS and SIPP administration, with its Omni software a “key tool” for many SSAS and SIPP administrators to “streamline and enhance their service offerings”.

WBR Group said the acquisition of the businesses would enhance its service proposition and further expand its presence in the UK SSAS market.

All six SSAS employees, including the directors, will join WBR Group, while five SIPP employees will transition to Cabot.

WBR Group will now have more than 4,500 SSAS with assets of over £4.5bn and nearly 200 employees.

“Over the past six years we have grown both organically and through acquisitions such as the James Hay and Rowanmoor SSAS books,” commented WBR Group director, Martin Tilley.

“We continue to provide service excellence, high levels of technical support and specialist assistance to clients and the acquisition of NM Perris reflects the synergy of values and service ethos between our firms.

“We are excited to welcome the three NM Perris businesses to the WBR Group and look forward to enhancing our service offerings.

“Omniphi Systems have been providing innovative software solutions for the SIPP and SSAS sector for over 20 years and will continue to run as an independent business, and having this expertise will help us continue to innovate.”

NM Perris & Co CEO, Nick Perris, added: “Having spent 40 years in the profession, it has been a privilege to work with our clients and staff. I am confident that this acquisition will result in minimal disruption to our clients, as the trustee company will remain unchanged, and the Bristol office will continue to operate as usual.

“I will be transitioning to WBR Group for at least the next 12 months to ensure a smooth handover and maintain client contact. Everyone is excited for the opportunity ahead as we become part of the WBR Group but retaining our brand identities.”

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