Compeer was liquidated after the sudden death of its CEO and majority shareholder earlier this year. A transaction with a new company starts a fresh chapter.

The intellectual property and databases of UK-based wealth management benchmarking firm Compeer have been bought by a new business, BWC Benchmarking Limited, WealthBriefing can exclusively report.

The formal completion of the acquisition was carried out by Bruce Weatherill (main picture) non-executive director at Compeer.

Compeer was liquidated following the sudden death of its CEO and majority shareholder, Bob Cossey, in February this year. 

BWC Benchmarking limited, a company formed by Weatherill, has acquired all benchmarking services previously provided by Compeer.

Weatherill, who is also chairman of ClearView Financial Media, publisher of this news service, was previously global leader of PwC’s Wealth Management practice; he is also chairman of The Wisdom Council and Alumia.

WealthBriefing understands that under the new arrangement, the business performance benchmarking surveys, remuneration surveys and wealth management charges analysis will continue with minimal impact on services.

“Due to the very sad, unexpected death of the majority shareholder and CEO of Compeer, Bob Cossey, certain liabilities crystallised which meant that Compeer could not continue in existence,” Weatherill told WealthBriefing. “Following careful consideration, the directors made the decision to place the company into liquidation and the liquidation has now completed. This decision was necessary to ensure the continuity and stability of our operations and maximise the amounts available to pay creditors.”

“However, I am delighted to announce that through my new company, BWC Benchmarking, I have purchased certain intangible assets of Compeer from the liquidators, which will enable the benchmarking services previously provided to you to continue,” he added.