Söderberg & Partners has taken a minority stake in Generation Financial Services, a London-based financial planning business.
The deal is the fourth IFA acquisition this year for the Swedish wealth manager. Earlier this year it acquired a majority stake in Timothy James & Partners, and minority stakes in Cambridge-based Dartington Wealth Management and Atherton York in North London. The business previously secured significant backing from global investment firm KKR to fund its adviser proposition acquisition strategy. Terms of the Generation Financial Services deal were not disclosed. The advisory business also operates Generation Wealth Management, Generation Employee Benefits and Generation Charity Consul...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.