Belvoir boosts financial services brand with latest acquisition

Belvoir Group PLC has expanded its financial services network with the acquisition of MAB (South West) Ltd for £1m.  

This follows the earlier acquisition of BMA Bristol Limited in June 2023 for £1.1m.

Both trade as and are appointed representatives of the Mortgage Advice Bureau (MAB)
 
The acquisitions provide mortgage and related financial services to clients through a combined network of 41 advisers, all of whom are self-employed with MAB providing training, support, compliance, website and national marketing via the wider MAB brand. 

With BMA based in Bristol and MAB SW based in Plymouth, Belvoir said it has extended its reach across the South West of England.

It brings Belvoir's financial services network up to 321 advisers.

The acquisition was made through Belvoir’s subsidiary Brook Financial Services.

Its financial services director Tim Wood will manage both businesses.

Dorian Gonsalves, chief executive of Belvoir, said: “We are delighted to announce the acquisitions of BMA Bristol and MAB (South West), which extend our network of experienced financial advisers across the South-West, supporting both our franchisees at a local level, as well as servicing leads from independent agents. 

"The acquisitions have been secured during a more challenging phase of the property sector cycle which has been reflected in the price paid.  However, the board is confident that given the strong client banks within these businesses, they can be developed further and be positioned to take advantage of future upsides in the new purchase and remortgage markets."