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Söderberg & Partners invests in three more UK-based IFAs

Söderberg & Partners has announced three more investments into UK-based independent financial adviser (IFA) firms.

The new investment means the Swedish group has now invested in 10 IFA firms across the UK so far this year.

Söderberg’s latest investments include HCF Partnership and Essex Financial Management, based in Hertfordshire, Grosvenor Consultancy which is a regional IFA based in Bristol and Swindon with around £650m of client assets under management, and Prosperity IFA, a Crowborough-based firm managing around £130m of client money.

Managing director of HCF Partnership and Essex Financial Management, Kevin Simmons, said the firm was excited to have found a company in Söderberg that “shares its values” and” wants to support growth”, while managing director of Grosvenor Consultancy, Ben Olson, said his firm was excited about starting a journey to “improve its service to clients and streamline processes”.

Founder and managing director of Prosperity IFA, Simon Munday, added: “We are thrilled to have Söderberg as a partner and look forward to working with them and continuing to improve our client proposition and journey. We will be at the forefront of financial planning moving forwards adopting new technology and services and integrating them into our processes to enable us to deliver to more clients as we grow across the region.”

In April, Söderberg announced it had made investments into four UK-based IFA firms, which were Courtney Havers, Bespoke-Advice Ltd, Clear Financial Advice, and Bigmore Associates.

Earlier this year, the Swedish group also revealed plans to buy a significant minority stake in Bath-based advisory firm Fidelius for an undisclosed sum, as well as investments in London wealth manager Vintage, and Croydon-based PK Financial.

CEO at Söderberg, Gustaf Rentzhog, said: “Our strategy as we launched into the UK market has always been to invest in the best advice businesses we can find and help them move to the next level. With the resources and technology of a larger firm behind them, we are seeing the IFAs in which we invest develop their client offering and expand their regional businesses.

“We are delighted to be able to announce Söderberg has taken stakes in three more advice businesses, and we look forward to helping them scale up and improve efficiencies in future.”



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