Swedish wealth manager Söderberg & Partners has continued its acquisition spree with deals to buy three more IFA firms.
Söderberg has a stated long-term strategy to invest in UK advice firms and support their growth as it builds its presence in the market. It acquired stakes in four IFA’s last April, and another four in October.
Firstly, it has acquired Francis Clark Financial Planning. Based across the South and South West of England, it has nine offices from Bristol to Truro.
The firm advises on more than £900m of client assets and has a 65-strong chartered financial planning team. The firm works with individuals as well as corporate clients and trusts.
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The second of the triple is Qi Financial Solutions Ltd, an independent, chartered financial planning firm based in Croydon.
The business serves individuals and families based primarily in London and the South of England. It advises on over £165m of client assets and employs seven staff, including three chartered financial planners.
Completing the set is Radcliffe & Co Independent Financial Advisers. The firm is based in Southampton and has been in business since 1959. It manages £1.5bn in assets and serves more than 3,500 personal clients and 150 corporate employer schemes.
The firm has expertise in working with high-net-worth individuals, business owners, the aviation sector, and independent schools.
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Gustaf Rentzhog, Söderberg & Partners CEO, said: “We are thrilled to announce our investment in three more successful financial advice firms.
“The UK market is home to many entrepreneurial financial advice businesses which demonstrate strong customer service and an innovative approach to financial planning. We are pleased to be able to support these businesses as they grow.”
