Buyout deal for wealth management firm

A wealth management firm has expanded by acquiring a local rival.

Shrewsbury-based Millennium Wealth Management has bought out The Protectors Financial in an undisclosed deal.

Millennium Wealth Management said the buyout would see the business expand its footprint across Shropshire while broadening its range of financial services.

As part of the deal, the new-look group will be rebranded as The Mortgage Centre which it said reflected the company's continued focus on delivering mortgage and protection advice to clients across the region.

Dan Harris, a director of The Protectors Financial which is also based in Shrewsbury, will join Millennium Wealth Management, bringing with him experience in mortgage and protection services.

Millennium Wealth Management has recently recruited four new members of staff and also taken over two additional offices in Suffolk to support growing demand.

It is also exploring opportunities for a town centre location in Shrewsbury to complement its existing office at Oxon Business Park.

Mr Harris said: "Joining Millennium Wealth Management is an incredibly exciting step and one that represents a huge opportunity for growth.

"Rebranding as The Mortgage Centre allows us to build on the fantastic relationships we've already established with clients while expanding the range of services we can offer.

"The ambition within the business is clear and I'm looking forward to helping drive that growth across Shropshire."

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Neil Baker, managing director of Millennium Wealth Management, added: "We are delighted to welcome Dan to the business.

"This is a significant milestone for the company and part of our long-term vision for growth.

"We've already strengthened the team with four new staff members, we have taken over two additional offices in Suffolk, and we are actively looking at expanding further within Shrewsbury with a town centre presence.

"Our aim is to become a leading provider of financial services in the region, offering clients expert support across mortgages and protection.

"It's a very exciting time for the business and we look forward to continuing that momentum."