Radiant Financial Group, new independent buy-and-build advice business, has been backed by the capital investment of Apiary Capital and its management team.
The group has 20 advisers who handle £800m of assets under management, and is headed up by Peter Mann and Simon Cogman-Hellier.
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.
Simon Cogman-Hellier, CEO, commented: “I am delighted to announce the backing by Apiary Capital of Radiant Financial Group 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 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.”