AMBER RIVER HAS ACQUIRED FUTURE LIFE WEALTH MANAGEMENT

Amber River has successfully acquired Future Life Wealth Management. Founded in 2010 by industry veteran Jill Thomas, Future Life has grown to manage a substantial £330 million in assets under advice, earning a place in NMA’s prestigious Top 100 list.

This all-female firm will now become an integral part of Amber River’s regional hub in Yorkshire, known as Amber River Leodis Wealth. Thomas has made a commitment to her clients to ensure continuity for the next three to five years following the undisclosed deal. She has served some clients for an impressive 26 years and is determined to find a framework as unique as Future Life to ensure their continued success in the marketplace.

One noteworthy aspect of this acquisition is the alignment of values between Future Life and Amber River. Thomas was particularly drawn to Amber River’s female CEO, Mary-Anne McIntyre, who shares a vision for the UK financial planning industry. The focus is on quality rather than mass market appeal, a key factor in Thomas’s decision.

Despite using various discretionary fund managers over the years, including 7IM, Parmenion, and Aviva as platforms, Future Life clients can rest assured that there will be no changes to the firm’s investment propositions or platforms post-acquisition. This continuity is crucial, and Thomas highlighted the synergy and appeal of Amber River’s approach in this regard.

Following the takeover, Future Life will maintain its office on the outskirts of Sheffield, with day-to-day operations remaining unchanged. Amber River’s commitment to preserving the existing team, personnel, and operations demonstrates a dedication to maintaining the successful status quo.

Beyond the acquisition of Future Life, Amber River Leodis Wealth, Amber River’s Yorkshire hub, has also recently acquired York-based Atkinson Powell Financial Management. These acquisitions will bring an additional £515 million in assets and nine experienced planners into the Amber River Leodis Wealth fold.

Amber River, formerly known as Socium Group, was established in 2019 by former Quilter executives with private equity backing from Penta Capital. The consolidator is rapidly expanding, with a remarkable 36% growth in adviser headcount in 2022, as reported by NMA’s private equity database.

Currently boasting 13 regional hubs, Amber River manages an impressive £10.7 billion in assets under advice. This acquisition marks another milestone in Amber River’s journey as it continues to make waves in the financial planning industry.

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