Anacap completes acquisition of Wealthtime

Following approval by the Financial Conduct Authority, Anacap Financial Partners has completed its acquisition of the adviser platform Wealthtime. The deal has been in the works since February.

A number of changes to Wealthtime will be taking place: Lucy Bristow will join chief financial officer Dominic Easton on the executive board, while the “digital capability” of the firm is set to be upgraded.

Ms Bristow commented: “Completion marks an important milestone in Wealthtime’s growth strategy. It’s an exciting time for all of us as we start to put our plans to enhance the adviser journey and further develop Wealthtime’s technology into practice.

“The business has performed extremely well through what has been a difficult time and we are delighted to be taking Wealthtime into its next phase of development.”

The firm is also looking for a head of risk and compliance, as well as a chief technology officer, in order to develop the fintech side of the business.

In an announcement, Wealthtime said: “Another area we’ll be transforming is our digital capability. There will be upgrades to our award-winning platform, to enhance processing and provide an intuitive digital experience. Part of this is developing our straight-through processing capability, so we can offer a truly end-to-end experience, and we’ll have updates on a new adviser portal later in the year.”