M and A
Deals Of The Day: The Latest In Wealth Management M&A – Radiant Financial Group
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The latest mergers and acquisitions and other corporate actions in the wealth management sector.
Radiant Financial Group
Radiant
Financial Group, the consolidator of UK independent financial
advisor firms, has hit ÂŁ1.3 billion ($1.47 billion) in assets
under advisement (AuA) after acquiring three more IFAs.
The group has acquired Barnstaple-based Irvine Financial Services, which has ÂŁ136 million in AuA, as well as eight members of staff, including three advisors. It has also acquired Oldham-based Landmark Financial Planning, which has ÂŁ98 million in AuA and six staff members, including three advisors. In addition, Radiant has acquired Andrew Gibbs IFA, based in Henley-on-Thames, adding ÂŁ91 million in AuA.
The latest deals take Radiant’s staff numbers to 130.
Early this month Radiant announced that it had bought Perth-based IFA, GS Financial Services and Aberdeen-based AMLP Financial Planning, which between them have ÂŁ313 million in AuA.
Radiant Financial Group, a consolidator of like-minded IFA businesses, was founded in 2020. The firm is led by chief executive Simon Cogman-Hellier, who has more than 40 years’ experience in financial services.
