Ingenuity Financial Services Limited
The shareholders of Lewis & Co (Investments & Pensions) Ltd, trading as Lewis Investment, have announced their acquisition of Inspire Financial Services Limited (IFS); now renamed Ingenuity Financial Services Limited.
Having made the difficult decision to sell, the existing shareholders took into account a number of considerations including how best to provide improved services to their client base with ever-increasing regulatory costs. By combining resources and infrastructure within a larger financial services company this could be achieved.
The change in ownership - which has been approved by the Financial Conduct Authority (FCA) - provides an additional benefit for the IFS team, of a home where there will be opportunities for professional growth and development, with a wealth of experience on hand.
Having known Lewis Group Managing Director, Tim Lewis, for a number of years it was felt that Inspire and Lewis share a strong culture of looking after clients in a fair and proactive manner, providing the very best ongoing advice.
Although Ingenuity Financial Services will now be part of the Lewis Group of businesses, it will operate under its own brand. The acquisition of IFS does not affect the business or clients of Inspire Professional Services which provides Business and Tax Advisory Services and whose ownership is unchanged.
Tim Lewis commented: “I am very proud to announce the acquisition of IFS which provides an opportunity to strengthen our existing group. This acquisition fits perfectly with our strategy to build a group of high-quality professional advisers increasing our innovation capabilities.
“We are pleased to welcome Howard and the entire IFS team to the Lewis Group.”
The acquisition of IFS brings the Lewis Group to a total staff of 43 and assets under management over £600 million.