Beckett Investment Management Group acquires Norfolk & Suffolk Financial Services
- Simon Bourke
- 2 days ago
- 3 min read
10th June 2026
Deal summary
Beckett Investment Management Group (Becketts) has acquired Norfolk & Suffolk Financial Services, a Lowestoft-based chartered financial planning firm established in 1974. The transaction, which completed on 29 May 2026, was driven by the retirement plans of managing director Mike Davies. Financial terms were not disclosed. All members of the Norfolk & Suffolk team have joined Becketts, and the firm's Lowestoft office at Quay View Business Park will continue to operate as normal.
About Becketts
Becketts is an independent financial planning and wealth management firm based in East Anglia, established in 1988, managing over £1.7 billion in assets across more than 4,150 private and corporate clients. The firm operates from offices in Bury St Edmunds, Norwich and Ipswich, and has held Chartered Financial Planning status since 2011. Becketts is backed by private equity firm Foresight Group, which invested in the business in 2021.
About Wallis Wealth
Norfolk & Suffolk Financial Services is a chartered independent financial planning firm based in Lowestoft, Suffolk, providing financial advice and long-term financial planning to individuals, families and businesses. The firm has built its reputation over several decades on personal client relationships and high-quality independent advice. Mike Davies, its managing director, described its founding principle as a consistent focus on delivering high-quality, personal financial advice and building lasting client relationships.
Why is Becketts acquiring Norfolk & Suffolk Financial Services?
The acquisition is part of a structured buy-and-build strategy that Becketts has pursued since receiving private equity backing from Foresight Group in 2021. Becketts' stated acquisition criteria centres on chartered financial planning firms with strong local client relationships, cultural alignment and retiring principals.
What happens next?
The transaction has now completed. All Norfolk & Suffolk staff have transferred to Becketts, and the Lowestoft office will continue to operate as normal. Mike Davies will retire following an agreed transition period during which he will introduce his clients to the Becketts team.
Becketts' other recent acquisitions
Absolute Sense Financial Planners – December 2025
Becketts acquired Ely-based Absolute Sense Financial Planners, a Chartered financial planning firm with more than £135m in assets under advice and over 350 clients. Founder Peter Waggitt retired following the transaction, while Paul Waggitt and Russell Hall joined Becketts.
Swallow Financial Planning – September 2025
Becketts acquired Swallow Financial Planning, an Ipswich-based Chartered financial planning firm that had served clients for more than 30 years. The transaction added approximately £90m in assets, with Andrew Swallow retiring and Chartered Financial Planner Joshua Lamb transferring to Becketts with the wider team.
Green Rose Ltd – April 2025
Becketts completed the acquisition of Green Rose Ltd, a financial planning firm previously based in Wickhambrook, Suffolk. Jason Green retired from financial services and worked with the Becketts team to support the client handover.
Considering your next chapter?
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