LIVERPOOL wealth management firm Rensburg Sheppards has changed its name to Investec Wealth & Investment.

The firm, which operates out of The Plaza office building, in Old Hall Street, was acquired by South African-based Investec last year.

Jonathan Wragg, UK chief executive of Investec Wealth & Investment, said: “The name Investec Wealth & Investment will be synonymous with the enduring values and modern methods that have allowed our business to thrive over many years.

“In addition, the change of brand also presents us with new opportunities to grow, as part of a FTSE 100 group that is committed to developing our business.

“After working in association with Investec for several years, we are proud to be adopting their name.” Rensburg Sheppards has a distinguished history in Liverpool stretching back to 1873, when it was able to trace its roots back to the Liverpool Stock Exchange.

In 2005, Rensburg bought Leeds-based Carr Sheppards Crosthwaite from Investec, having decided to turn down an approach by fellow Liverpool wealth management group Rathbone Brothers.

In return, Investec took a 47.7% stake in the newly formed Rensburg Sheppards, before completing a takeover last year in a deal worth £412m.

Jon Seal, head of the Liverpool office, said: “We’ve been a constant presence in the city of Liverpool since 1873 and our rebrand to Investec Wealth and Investment marks a new and very exciting chapter in our story.”