CWB, PPS and ReSource Mortgages today become foundation businesses of the Radiant Financial Group – a new and fresh consolidator of like-minded IFA firms.
Radiant has been established with the intention of growing both organically and through the acquisition of IFA businesses, building a fully integrated Group based on a shared culture and a high quality, holistic service offering.
The management team consists of a number of highly experienced industry names, including Peter Mann, (Chairman), ex Vice-Chairman of Old Mutual & CEO of Skandia, and Simon Cogman-Hellier (CEO), who has been involved in the Financial Services industry for 40 years working with companies including Marsh & Mercer, KPMG, Oval, and Bluefin.
Unlike other industry consolidators, Radiant’s ambitious growth strategy will be based primarily on finding companies with a shared culture and vision to join the Group – a culture of creativity, innovation, integrity and collaboration. Whilst they are looking for potential acquisitions to have strong underlying business fundamentals, specific locations or the size of assets under management (“AUM”) is not restrictive.
The Group has been established with the backing of Apiary Capital, which has invested in the Group and is now majority shareholder.
Radiant’s core strength is based around its ability to addresses the entire spectrum of financial needs of companies, their owners and their employees as private individuals.
The Group currently consists of 20 advisers with AUM of £800m.
Simon Cogman-Hellier, CEO, commented:
“I am delighted to announce the launch of Radiant Financial Group today, and to be able to share our growth ambitions with the industry. We believe our intention to build a group based around a shared culture and vision is unique, and the team and I are excited to welcome others into our growing family.
Our existing group businesses are known for their very high quality of service, prowess in winning new business and client focus. We believe at the core this is thanks to the fact we are all driven by a shared mindset and purpose.
Our industry remains fragmented and the launch of Radiant represents an opportunity for like-minded individuals to become part of something special, allowing them to remove the regulatory and admin burden whilst continuing to work in an open, positive environment, focused on doing the right thing by their clients.
We have put together a very high quality and experienced management team to lead this growth and I am excited by what we have the potential to achieve.”
Jeniv Shah, Partner at Apiary Capital, said:
“Apiary is very excited to have become a shareholder in Radiant, we have a bright future ahead with ambitious growth plans in place. The initial companies are high-quality, with a clear strength in compliance and client-centric service, all underpinned by their culture. This is an excellent foundation on which to build the Group.
Radiant represents an extremely positive option for IFA business owners who need funding and scale to fulfil the next part of their journey, and we look forward to having a number of quality businesses join the Group in the years ahead.”
For more information feel free to contact your ReSource Mortgage Adviser, of if you want to find out more about Radiant, visit www.radiantfinancial.co.uk.