WBR Group, the UK’s largest independent provider of SSAS services and tax experts has acquired NM Perris & Co Ltd, which trades as Brunel Trustees along with associated companies Brunel Trustees Limited, and Omniphi Systems Limited, for an undisclosed sum.
All three businesses will continue to trade under their current names.
The businesses are based in Bristol, well-established, with a strong reputation in the SSAS administration sector and software development.
Brunel Trustees focuses on SSAS administration, providing comprehensive services to manage and administer SSAS pensions, ensuring compliance with relevant regulations.
Brunel Trustees Limited: as a SSAS practitioner and trustee company, Brunel Trustees Limited offers trustee services and expertise in managing SSAS schemes. They play a crucial role in ensuring the proper governance and administration of these pension schemes.
Omniphi Systems Limited: specialises in developing software solutions for SSAS and SIPP administration. Their Omni software is a key tool used by many SSAS and SIPP administrators to streamline and enhance their service offerings.
The acquisition includes 200 SSAS schemes with assets under administration totalling £300 million.
All six SSAS employees, including the Directors, will join WBR Group, while five SIPP employees will transition to Cabot.
This strategic acquisition will enhance WBR Group’s service proposition and further expand its presence in the UK market.
WBR Group is head quartered in Leicester, and following completion has 5 additional offices in Bolton, Bristol, London, Salisbury and Wimbledon, providing support to clients across the UK.
The Group now has over 4,500 SSAS with assets of over £4.5bn and nearly 200 employees.
Established in 2016, the firm boasts an executive team that has over 150 years’ experience providing advice to business owners and other professionals seeking guidance on tax planning opportunities and the benefits of using a SSAS pension.
Martin Tilley , director of WBR Group, added: “Since we launched in 2016, we have been creating a hub of SSAS excellence, with a dedicated account manager model that is hard to beat. Over the past 6 years we have grown both organically and through acquisitions such as the James Hay and Rowanmoor SSAS books.
“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.”
Nick Perris, CEO of NM Perris & Co, said: “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.”
Adrian Botteley, CEO of Omniphi Systems, added: “The vision of WBR Group and the resources they bring provide exciting opportunities for further development of the Omniphi proposition.”
