Birmingham, 17 April 2026 – Debrett’s has advised William James Financial Services (“William James”) on securing growth funding and completing the acquisition of Clarke Fencott LLP, marking the first step in its long-term buy-and-build strategy.
William James is an independent financial advisory business providing a broad range of financial planning and investment advice services. The business is led by a highly experienced team of former Newell Palmer advisers, including Philip Stepp and Matthew Kidd, and is supported by eight senior financial advisers and a team of around 25 professionals.
The acquisition of Clarke Fencott LLP marks a key milestone for William James, establishing a platform for future consolidation in the UK IFA market.
William James has clear ambitions to build a national presence through a disciplined buy-and-build strategy, targeting independent firms seeking succession solutions while preserving brand, client relationships and local heritage. This approach positions the business as an attractive partner for founders looking to realise value while maintaining continuity.
The transaction was supported by Metro Bank, William James’ long-standing banking partner, which is aligned with the business’ growth strategy.
Debrett’s acted as lead adviser to William James, supporting the business in securing funding and executing its first acquisition. The advisory team worked closely with management to develop the financial model, engage with funding partners and provide transaction support through to completion.
Philip Stepp, William James Financial Services, said:
“This is an important step for the business and gives us a strong platform for growth. Clarke Fencott is a well-regarded firm and the transaction allows us to build on that in a way that works for clients and the team over the long term.
Debrett’s were excellent to work with. They understood what we were trying to achieve from the outset, kept the process moving and were instrumental in getting the funding in place. Their advice was clear and practical throughout, and they were a key part of getting the deal done.”
Mark Selby, Head of Midlands and Partner, Debrett’s, added:
“We’re pleased to have supported Philip, Matthew and the William James team on this first step in their growth journey. They have a clear strategy and a thoughtful approach to building the business, and this transaction puts them in a strong position to move forward. We look forward to continuing to support them as they scale.”
William James is expected to pursue further acquisitions, with a focus on regional IFA businesses, as it continues to scale its platform.
The Debrett’s advisory team comprised Mark Selby, Will Mason alongside Head of Financial Services, Ed Shurville-Darlington.
Other advisers on the transaction included:
Debrett’s Advisory team continues to build momentum across the UK mid-market, advising founders, management teams and investors on M&A, debt advisory and strategic growth initiatives. The firm forms part of the wider Debrett’s Group, which combines advisory, investments, wealth management and executive coaching, following its strategic partnership with Mulberry Bow.
The group is chaired by Darryl Eales, former Chief Executive of LDC, with board members including Richard Swann, partner at Inflexion and Richard Sanders, co-founder of Catalyst Corporate Finance (now Alantra). This leadership places Debrett’s at the centre of the UK’s mid-market dealmaking ecosystem, with a growing presence across advisory and wealth management.
