Swedish wealth supervisor Söderberg & Companions has invested in 4 extra IFA corporations because it expands its monetary recommendation presence within the UK.
The most recent offers convey the entire of UK corporations invested in by the fast-growing agency to 11.
Gustaf Rentzhog, chief government, mentioned the agency was not a consolidator. He mentioned: “Somewhat our purpose is to help passionate entrepreneurs to attain their imaginative and prescient for his or her recommendation companies. Within the UK we have now discovered many robust examples of incredible companies which ship excellent outcomes to their purchasers, and we’re happy to again them with our scale and sources.”
The 4 new corporations invested in by Söderberg are:
- Courtney Havers, a Tunbridge Wells-based agency based by business veteran Ray Tuffield.
- Bespoke-Recommendation Ltd, a Chartered IFA follow of 30 individuals advising on £630m of shopper property with places of work in Worcester and London Metropolis.
- Clear Monetary Recommendation, a client-focused firm managing £120m of property.
- Bigmore Associates, based mostly in Walton-on-Thames, which covers a variety of monetary recommendation.
Ray Tuffield, founding father of Courtney Havers, mentioned: “Culturally, Söderberg & Companions are a superb match for us.”
Alex Morley, managing director of Bespoke-Recommendation, mentioned: “Our technique of buying retiring adviser books to make sure a continuation of unbiased recommendation by means of our employed advisers is properly acquired by purchasers and retiring advisers alike. Our tradition and ethos align completely with Söderberg, permitting the chance for us to speed up development whereas remaining true to our core values and beliefs.”
Barry Greening, founder and director of Clear Monetary Recommendation, mentioned: “From the beginning, it was clear that our values have been completely matched with Söderberg’s dynamic method. Anticipation is excessive as we provoke the subsequent stage of our firm’s development with a long-held need to broader our providers into specialised sectors.”
Adam Nettleship, managing director of Bigmore Associates, mentioned: “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 corporations. 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 based mostly PK Monetary.
Söderberg purchased stakes in 4 IFA corporations final yr. It acquired a minority shareholding in London-based Technology Monetary Providers 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 mentioned it goals to associate 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 places of work in Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg and Spain, and greater than £60bn in property below administration and recommendation.
