Söderberg & Partners has invested in four more independent financial advice (IFA) firms as it expands in the UK market.
The Swedish wealth manager added Cheetham Jackson, Blakes Financial Management, Active Financial Planners, and Murphy Wealth to its portfolio.
Cheetham Jackson, based in Chorley with eight offices in the North of England, advises on over £775m of client assets and has over 70 employee owners.
Blakes Financial Management, based in Aylesbury, was founded in 2012 and manages over £125m in client assets with six advisers.
Active Financial Planners is based in the North East with 15 advisers and more than £450m under management.
Murphy Wealth, based in Glasgow, manages £250m and looks after clients across the country.
Gustaf Rentzhog, chief executive officer at Söderberg & Partners, said: “There is no shortage of high-quality financial advice firms in the UK, and we are proud to have found four more standout businesses to support as they grow.
“Investing in small, entrepreneurial financial advice firms which offer outstanding service to their clients is a core part of Söderberg & Partners’ strategy for expansion in the UK.”
Stuart Jackson, managing director and founder of Cheetham Jackson, said: “The strong cultural fit, shared values, and desire to create value for clients through efficient processes and the smart application of technology and automation, made the decision to move forward with Söderberg as our strategic partner a simple one.
“We look forward to accessing their expertise in key areas that will support our growth while we continue to focus on serving clients and delivering meaningful results for them and their families.”
Alan Butler, managing director and IFA at Blakes, added: “Over the last decade, we had been approached by an average of two consolidators per month, with a view to either selling the business or entering into a partnership, and had always dismissed these.
“Our discussions, even at an early stage, with Söderberg were very different as they were totally focused on putting the clients first and foremost.
“We are delighted to enter into a strategic partnership with Söderberg & Partners as this will allow us to continue offering a high level of service to clients, while benefitting from enhanced technology and the vast experience and innovation of a highly respected, forward-thinking group.”
Butler added: “We are confident that the partnership will allow us to continue and accelerate our ambitious plans for growth, with the added peace of mind that client needs and best interests remain paramount.”
Karl Pemberton, managing director of Active Financial Planners, said: “Having always had a drive to be at the forefront of our industry, the retirement of one of our directors gave us another welcome opportunity to develop further with Söderberg, and look forward to our next 25 years.”
Adrian Murphy, chief executive officer of Murphy Wealth, concluded: “This is the next step in the evolution of Murphy Wealth.
“We have been looking after families for nearly 50 years and this investment is about securing our future as an independent company, expanding our reach and ensuring we remain at the forefront of financial planning for decades to come.”
