Söderberg takes stakes in 4 extra IFA corporations

 Swedish wealth supervisor Söderberg & Companions has invested in 4 extra IFA corporations because it expands its monetary recommendation presence within the UK.

The newest offers carry the entire of UK corporations invested in by the fast-growing agency to 11.

Gustaf Rentzhog, chief government, stated the agency was not a consolidator. He stated: “Reasonably our objective is to help passionate entrepreneurs to realize their imaginative and prescient for his or her recommendation companies. Within the UK now we have discovered many robust examples of incredible companies which ship excellent outcomes to their shoppers, and we’re happy to again them with our scale and assets.”

The 4 new corporations 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 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 spread of economic recommendation.

Ray Tuffield, founding father of Courtney Havers, stated: “Culturally, Söderberg & Companions are a wonderful 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 nicely acquired by shoppers 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, 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 providers 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 corporations. Earlier this 12 months it revealed plans to purchase a significant minority stake in Bath-based advisory firm Fidelius for an undisclosed sum in addition to investing in London wealth manager Vintage and Croydon based PK Financial.

Söderberg purchased stakes in 4 IFA corporations final 12 months. It acquired a minority shareholding in London-based Generation Financial Services 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 companion 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 underneath administration and recommendation.