Swedish wealth supervisor Söderberg & Companions has invested in 4 extra IFA companies because it expands its monetary recommendation presence within the UK.
The newest offers carry the whole of UK companies invested in by the fast-growing agency to 11.
Gustaf Rentzhog, chief govt, stated the agency was not a consolidator. He stated: “Reasonably our objective is to assist passionate entrepreneurs to realize their imaginative and prescient for his or her recommendation companies. Within the UK we now have discovered many sturdy examples of unbelievable companies which ship excellent outcomes to their shoppers, and we’re happy to again them with our scale and assets.”
The 4 new companies invested in by Söderberg are:
- Courtney Havers, a Tunbridge Wells-based agency based by trade veteran Ray Tuffield.
- Bespoke-Recommendation Ltd, a Chartered IFA observe of 30 folks advising on £630m of consumer property with workplaces in Worcester and London Metropolis.
- Clear Monetary Recommendation, a client-focused firm managing £120m of property.
- Bigmore Associates, primarily based in Walton-on-Thames, which covers a variety of monetary recommendation.
Ray Tuffield, founding father of Courtney Havers, stated: “Culturally, Söderberg & Companions are a superb match for us.”
Alex Morley, managing director of Bespoke-Recommendation, stated: “Our technique of buying retiring adviser books to make sure a continuation of impartial recommendation by means of our employed advisers is effectively acquired by shoppers and retiring advisers alike. Our tradition and ethos align completely with Söderberg, permitting the chance for us to speed up progress whereas remaining true to our core values and beliefs.”
Barry Greening, founder and director of Clear Monetary Recommendation, stated: “From the beginning, it was clear that our values had been completely matched with Söderberg’s dynamic method. Anticipation is excessive as we provoke the following stage of our firm’s development with a long-held need to broader our companies into specialised sectors.”
Adam Nettleship, managing director of Bigmore Associates, stated: “Working with Söderberg & Companions will allow us to be leaders of the futures of Monetary Planning.”
Söderberg & Companions has now invested into a complete of 11 UK recommendation companies. Earlier this yr it revealed plans to purchase a major minority stake in Bathtub-based advisory agency Fidelius for an undisclosed sum in addition to investing in London wealth supervisor Classic and Croydon primarily based PK Monetary.
Söderberg purchased stakes in 4 IFA companies final yr. It acquired a minority shareholding in London-based Technology Monetary Companies in December. In September the group acquired a majority stake in Timothy James & Companions and minority stakes in Cambridge-based Dartington Wealth Administration and Atherton York in North London.
The Swedish agency entered the UK adviser market in 2023 and stated it goals to accomplice with as much as 1,000 monetary advisers within the UK inside 5 years. Söderberg & Companions was based in Sweden 2004 and has greater than 4,000 workers in 110 workplaces in Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg and Spain, and greater than £60bn in property underneath administration and recommendation.
