Swansea-based Bevan & Buckland Wealth Management (Chartered Financial Advisers and part of the WPS Financial Group) has officially opened its new head office in 11 Axis Court, Swansea, in a move that also showcased the company’s innovation in investments and financial planning.
The new state-of-the-art office will cement the business as one of Wales’ biggest and most successful financial advisory groups. The location will also allow it to operate from a business park central to Swansea’s business community with easy access to the M4.
The premises will also become the ultimate headquarters of holding company WPS Financial Group which also incorporates Cardiff-based Tudor House Financial Services. The company’s local Mumbles office at 48 Newton Road will remain open as normal.
The deal was completed using a group Self Invested Pension Plan (SIPPs), one of the innovative specialist financial arrangements that Bevan & Buckland Wealth Management offers clients.
This means the buildings (comprising 11 and 12 Axis Court) are owned by an entity called the Axis Court Group SIPP, which, in turn, is jointly owned by the pension schemes of six individuals: four directors of Bevan & Buckland Wealth Management and two directors of Chartered Accountants Matthews Pulman, which also occupies space in the building.
This is the second deal the Axis Court Group SIPP has revealed recently. It also completed an investment that meant it became a shareholder in Llandarcy Park (Ospreys) Ltd, the holding company of Ospreys Rugby (see opposite page).
Jon Francis, Managing Director of Bevan & Buckland Wealth Management, said: “This deal represents another great purchase for us using a specialist Self Invested Pension Plan. This is an area in which we specialise as a firm and it is great to demonstrate the benefits of such schemes to our clients in this way.”
Paul Williamson, director of Bevan & Buckland Wealth Management, added: “This is a great business location with many of our clients and business partners literally on our doorstep now. With this location also becoming the ultimate headquarters of all the businesses in the group, it is also great news for the area given the long-term growth and job prospects the companies plan to deliver.”