Wealth management development services provider Redmill Advance has acquired UK-based financial planning education provider Expert Pensions for an undisclosed sum.
The firm’s first deal of 2023 will help Redmill Advance continue towards its goal of becoming the “leading provider of regulatory qualification training and continued professional development services to the UK wealth management industry”.
Expert Pensions, which was created in 2012, is run by John Reynolds. It offers a range of training services for the advice and wealth management industry including a pension transfer specialist knowledge hub as well as Chartered Insurance Institute (CII) exam-prep e-learning and broader CPD online masterclasses.
Its client list includes True Potential, Attivo and Evelyn Partners.
The deal comes several weeks after Redmill Advance launched CPD monitoring and reporting software tool AdvanceCPD.
David Tait, managing director of Redmill Advance, said: “Adding the 12-year successful track record and comprehensive content library of Expert Pensions to Redmill Advance will ensure that the clients of both Redmill Advance and Expert Pensions will benefit from enhanced products and services.
“This acquisition demonstrates our commitment to scaling Redmill Advance through the strategic acquisition of other high-quality learning and development businesses. I very much look forward to working closely with John Reynolds and the team at Expert Pensions in the months ahead to continue to deliver excellence to our clients.”
Redmill Advance was acquired by Kinrock in August 2022 with the goal of strengthening and growing the business both organically and through acquisition.
