Söderberg & Partners has made investments in three independent financial adviser (IFA) firms in the UK as part of its expansion in the financial advice sector.
The firms are Francis Clark Financial Planning, Qi Financial Solutions Ltd, and Radcliffe & Co Independent Financial Advisers.
Francis Clark Financial Planning operates from nine offices in the South and South West of England and advises on over £900m in client assets.
Qi Financial Solutions Ltd, based in Croydon, serves clients primarily in London and the South of England, managing £165m in client assets and employing seven staff, including three chartered financial planners.
Radcliffe & Co, based in Southampton and established in 1959, manages £1.5bn in assets and serves over 3,500 personal clients and 150 corporate employer schemes.
Gustaf Rentzhog, chief executive officer at Söderberg & Partners, said: “We’re really excited to embark on this partnership with Söderberg & Partners.
“We look forward to working together to develop a market-leading technology platform tailored to the needs of our clients and our people.
“This will put us at the cutting edge of how financial planning is delivered in the future, enhancing our ability to provide clients with insightful, personalised advice.”
Chris Reah, managing director of Francis Clark Financial Planning, said: “We’re really excited to embark on this partnership with Söderberg & Partners.
“We look forward to working together to develop a market-leading technology platform tailored to the needs of our clients and our people.
“This will put us at the cutting edge of how financial planning is delivered in the future, enhancing our ability to provide clients with insightful, personalised advice.”
Paul Annys, managing director of Qi Financial Solutions, said: “We are delighted to have the opportunity to partner with Söderberg & Partners and are particularly excited to work with them on integrating new technologies to help support our client proposition.
“We are constantly striving to improve the services we offer to clients and believe this strategic step will help us enhance what we can offer, both now and in the future, ensuring the best outcomes for our clients.”
Neil Igglesden, managing director of Radcliffe & Co, said: “We have had our share of approaches from industry consolidators and other interested parties, eager to acquire our business.
“However, it became clear that most of these offers prioritised our revenues from assets under management rather than preserving our unique character and commitment to dedicated client relationships.
Igglesden added: “Söderberg & Partners, however, offers a refreshing approach that allows us to maintain our unique identity and business model.
“We believe this will help address our concerns around ensuring continuity for both clients and staff in an ever-evolving financial landscape.”
