Corbel Partners has completed the acquisitions of seven advice businesses in the first quarter of this year, six of which were from its internal market.
In 2023, Corbel Partners launched its internal buyout proposition and has since acquired a total of 13 businesses both the internal and external markets.
The proposition forms part of a ‘cradle-to-grave scheme’, where Corbel Partners commits to training and developing new advisers, provides the framework for them to grow their business, and when the time is right, helps them to exit successfully with the capital they need to retire.
The network currently has 160 adviser members with a total of £2.4bn in assets under advice.
David O’Hara, co-founder and director of Corbel Partners, said independence “remains the priority” while the network grows adding that, “advisers trust us with their clients because we don’t consolidate, and we don’t restrict”.
“We find the right home for clients’ hard-earned wealth and take their unique goals seriously.
“Nobody wants that dreaded tap on the shoulder in the supermarket from an ex-client who says they deserved better.
“Our method lets advisers capitalise on the value of their work while prioritising continued client satisfaction.”
O’Hara said the network is on track to complete another five IFA buyouts in 2025, with several more internal and external agreements in the pipeline.
“We are a network made by IFAs for IFAs. We’ve seen the desire for long-term client solutions in a profession dominated by those approaching retirement, and we’re ready to keep providing what they need,” he added.
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