Swedish wealth manager Söderberg & Partners has made investments in three more IFA firms as it grows its footprint in the UK’s financial advice space.
The three firms are Francis Clark Financial Planning, Qi Financial Solutions Ltd and Radcliffe & Co Independent Financial Advisers.
Francis Clark Financial Planning is based across the South and South West of England with nine offices from Bristol to Truro.
Established in 2002, the firm advises on more than £900m of client assets and is ranked among FTAdviser’s top 100 financial advisers.
Francis Clark’s 65-strong chartered financial planning team focuses on building long-term plans with its clients, advising on all areas of financial planning to help them achieve their objectives, and keeping these regularly reviewed to adapt when life changes. The firm advises individuals as well as corporate clients and trusts.
Qi Financial Solutions Ltd is an independent, chartered financial planning firm based in Croydon. The business has a long history of serving individuals and families based primarily in London and the South of England.
Qi Financial Solutions prides itself on building trusted, long-term relationships with clients. The firm advises on over £165m of client assets and employs seven staff, including three chartered financial planners.
Radcliffe & Co Independent Financial Adviser is based in Southampton and has served clients since 1959. Radcliffe & Co manages £1.5bn in assets and serves more than 3,500 personal clients and 150 corporate employer schemes.
The firm focuses on delivering tailored solutions, with clients’ objectives at the heart of everything. Over the years, Radcliffe & Co has built expertise in working with high-net-worth individuals, business owners, the aviation sector, and independent schools.
Gustaf Rentzhog, chief executive officer at Söderberg & Partners, said: “We are thrilled to announce our investment in three more successful financial advice firms. The UK market is home to many entrepreneurial financial advice businesses which demonstrate strong customer service and an innovative approach to financial planning. We are pleased to be able to support these businesses as they grow.”
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, added: “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.
“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.”
These investments form part of Söderberg’s long-term strategy to invest in UK advice firms and support their growth.
