Home Financial Planning Söderberg takes ‘vital’ stake in Chartered Planner

Söderberg takes ‘vital’ stake in Chartered Planner

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Söderberg takes ‘vital’ stake in Chartered Planner



Main Swedish wealth supervisor Söderberg & Companions has taken a “vital” minority stake in increasing Bathtub-based Chartered Monetary Planner Fidelius because it continues its UK growth drive.

Söderberg says the deal is one its greatest investments within the UK and its seventh stake-building deal within the UK Monetary Planning and wealth administration sectors.

The price of the stake has not been disclosed and the funding is topic to FCA approval.

Fidelius Group has £1.75bn below recommendation and 158 staff based mostly at its places of work in Bathtub, Chelmsford, Cheltenham, Mansfield and London. Fidelius has itself been on the growth path in recent times.

In 2020 it acquired two Monetary Planning companies from Pacific Asset Administration (PAM) in a swap deal. PAM’s Monetary Planning companies Chartered Monetary Administration and Zen Wealth LLP turned a part of the Fidelius Group. 

In November 2022 Fidelius Group moved into new headquarters at a landmark workplace constructing at No 1, Bathtub Quays, Bathtub.

In 2021 Worldwide wealth supervisor deVere Group arrange a “strategic partnership” with Fidelius to serve expats returning to the UK. A brand new model referred to as Fidelius deVere was launched to supply bespoke Monetary Planning to returning expat purchasers. 

Fidelius has places of work in Bathtub, Cheltenham, Chelmsford, London and Mansfield and gives wealth administration, worker advantages, mortgages, in addition to a specialism in recommendation to returning expats. It was launched in 1998 and has grown by means of natural and M&A growth.

Söderberg, one of many Nordic area’s greatest wealth managers, has quickly been increase its UK presence. Lately Söderberg & Companions introduced it had bought stakes in London wealth supervisor Classic and Croydon-based PK Monetary. Final 12 months the Swedish monetary adviser took a majority stake in Timothy James & Companions and minority stakes in Cambridge-based Dartington Wealth Administration, Era and Atherton York in North London.

The Swedish agency entered the UK adviser market in 2023 and mentioned it goals to accomplice with as much as 1,000 monetary advisers within the UK inside 5 years. Söderberg & Companions was based in Sweden 2004 and has greater than 4,000 staff in 110 places of work in Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg and Spain, and greater than £60bn in belongings below administration and recommendation. 

Jim Grant, CEO of Fidelius mentioned: “In Sӧderberg & Companions now we have discovered a accomplice who sees the world the identical method we do. I’m very excited to have Sӧderberg working alongside us to assist Fidelius in investing into smaller entrepreneurial companies who require the right assist and useful resource in an effort to realise their true development potential.

“It may be arduous for Monetary Planning companies to lift high quality funding to permit for development, however with Sӧderberg we may also help make this a actuality. We sit up for speaking to companies, groups or people who want a bridge to permit them to construct a enterprise centered on development and future worth.

“The entire staff at Fidelius is extremely excited in regards to the subsequent part of our journey and we’re delighted to have discovered Sӧderberg & Companions to work with transferring ahead.”

Gustaf Rentzhog, CEO at Söderberg & Companions, mentioned: “Fidelius is a enterprise with vital upside potential. With a robust model and an exceptionally skilled administration staff, I’ve little doubt that this already profitable and growth-oriented enterprise will go from power to power.” 




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