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Capital and Trust - September 22, 2022 - 0 minute read

Consolidator Radiant Financial Group has bought three more IFAs, bringing its total AUA up to £1.3bn.

The transactions add another £325mn to Radiant’s AUA, and follow swiftly on from the acquisition of two Scottish advice firms earlier this month (September)

The three latest purchases are:

  • Barnstaple-based Irvine Financial Services,
  • Oldham-based Landmark Financial Planning
  • Henley-on-Arden-based Andrew Gibbs IFA.

Irvine Financial Services, adds £136m in AUA, as well as 8 members of staff, including 3 advisers. Landmark Financial Planning, adds £98m in AUA and 6 staff members, including 3 advisers and Andrew Gibbs IFA, adds £91m in AUA.

The latest deals take Radiant’s staff numbers to 130.

Radiant chief executive Simon Cogman-Hellier said: “We are delighted that Irvine Financial Services, Landmark Financial Planning and Andrew Gibbs IFA have chosen to partner with us. We believe they are an excellent cultural fit in helping us provide client-centric advice and exceptional delivery.”

He added: “We are also really excited to start working with their team of advisers and support staff. One of our key measures of success in an M&A deal is whether we retain all the staff following the acquisition and whether we’re helping the new team to really thrive. We aren’t interested in acquiring businesses simply for the assets they advise on.”

Radiant is still looking to partner with advisers who want to service clients rather than deal with the daily management of a business, or advisers looking for a “capital event” as they consider what they want to do in future – whether to retire or move out of regulated financial services, for example.

If you’d like a confidential, obligation-free discussion about selling or acquiring a Wealth Management / Asset Management business, please click here, alternatively contact us on 0207-043-4300 or email us.

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