Monday, September 26, 2022
HomeFinancial PlanningConsolidator Radiant acquires 3 IFA companies

Consolidator Radiant acquires 3 IFA companies

IFA consolidator agency Radiant Monetary Group has acquired Irvine Monetary Companies, Landmark Monetary Planning, and Andrew Gibbs IFA, for an undisclosed sum.

The offers add a mixed £325m in belongings below recommendation, taking the agency’s complete belongings to £1.3bn.

Barnstaple-based Irvine Monetary Companies deliver £136m in belongings together with eight members of workers, together with three monetary advisers.

Oldham-based Landmark Monetary Planning deliver £98m in belongings to Radiant, together with six workers members together with three monetary advisers.

Andrew Gibbs IFA, based mostly in Henley-on-Thames, deliver £91m in belongings below recommendation to the consolidator.

Eric Mowinski,diirector at Landmark Monetary Planning, mentioned: “We selected Radiant as a result of we needed to make sure continuity for our purchasers and workers.

“Our advisers needed to remain impartial with out having to pressure purchasers into predetermined funding propositions. The method of agreeing a deal and implementation was dealt with very professionally.”

These newest offers take Radiant’s workers numbers to 130.

Simon Cogman-Hellier, CEO at Radiant Monetary Group, mentioned: “We’re delighted that Irvine Monetary Companies, Landmark Monetary Planning and Andrew Gibbs IFA have chosen to associate with us. We consider they’re a wonderful cultural slot in serving to us present client-centric recommendation and distinctive supply.”

“We’re additionally actually excited to start out working with their staff of advisers and help workers. Considered one of our key measures of success in an M&A deal is whether or not we retain all of the workers following the acquisition and whether or not we’re serving to the brand new staff to essentially thrive.  We aren’t involved in buying companies merely for the belongings they advise on.”

He mentioned the agency continues to search for extra acquisitions.

Earlier this month Radiant acquired two Scottish Monetary Planners; GS Companies and AMLP Monetary Planning

Aberdeen-based AMLP Monetary Planning was based in September 1979 and was beforehand often called Andrew McIlraith Life & Pensions Restricted. Founder Andrew McIlraith left the agency in October 2019.

Perth-based GS Monetary Companies was based by George Stubbs in 1976 and has places of work in Perth, Dundee, Aberdeen, Glasgow and Falkirk.

Radiant was established in November 2020, by former Outdated Mutual vice-chairman and Skandia CEO Peter Mann and insurance coverage trade heavyweight Simon Cogman-Hellier, with the intention of rising by means of the acquisition of monetary advisory companies.


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