Margetts Wealth Management / Embraces Ambitious Next Chapter with Management Buy-In
Margetts Wealth Management Embraces Ambitious Next Chapter with Management Buy-In
Alinea has guided Kevin Smith, the owner of Margetts Wealth Management, through a meticulously planned management buy-in, creating perfect alignment for continued success while reinforcing the firm's thriving independent culture.
Established in 2012, Margetts Wealth has built an outstanding reputation for comprehensive financial planning, specialising in advising business owners and professionals. From its base in Birmingham's St Paul's Square, the firm manages £230 million of assets and serves 350 clients through its centralised investment proposition and holistic planning approach.
“I received great support and service throughout the negotiations, often over and above the excellent advice and knowledge you would expect to get,” commented Kevin Smith. Simon and Oli at Alinea were invaluable and their commitment to the cause and understanding of the ‘now’ and the ‘future’ was key to this deal.”
Kevin Smith, Executive Chairman
The transaction sees long-standing directors Ian Butler and James Vickers become equal shareholders alongside Kevin Smith, who transitions to Executive Chairman. This carefully structured deal maintains Margetts Wealth’s independence while rewarding two key leaders who have been instrumental in the firm's development over more than two decades.
Kevin Smith, Executive Chairman of Margetts Wealth Management, said: "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 continue to receive the same no-nonsense and personal advice they've been accustomed to is a priority for me.
“Ian and James have helped shape our culture and have been an instrumental part of Margetts Wealth for over two decades. They already held minority shares, so their progression to equal shareholders represents a natural evolution in driving our future growth."
The firm provides comprehensive financial services including investment, estate, retirement, tax and corporation transaction advice to a diverse client base of business owners, professionals and a network of accountants and lawyers across the region.
Alongside Alinea, legal and tax advice was provided by Richard Griffiths, Joel Nixon, Richard Ferguson and Rachael Watkins from Higgs LLP. Sam Booth from Jobsons supported the management team. Accounting advice was provided by Ben Reynolds and Beth Holland from TGFP.