Swedish based Söderberg & Partners Group has acquired a majority stake in advice firm Timothy James & Partners (TJP) from current owner Waverton Investment Management, while also taking minority stakes in advice firms Dartington Wealth Management, based in Cambridge and Atherton York (Chartered Financial Planners) in North London.It marks the Nordic wealth manager’s first major investments in the UK.

TJP, established in 1995, is an independent financial advisory firm known for delivering top-tier holistic wealth management and customized financial solutions to its clients. It will remain an independent financial adviser under the Söderberg & Partners company umbrella.

Söderberg & Partners acquisition in TJP is subject to approval from the FCA.

Söderberg & Partners CEO and co-founder Gustaf Rentzhog welcomed the acquisition of Timothy James & Partners, which is subject to regulatory approval.

He said: “We’re not in the business of buying and consolidating. We believe in backing entrepreneurs with a clear vision and helping them realise their goals. That is exactly what we see in Tim Whiting and the entire team at TJP.

“Entrepreneurs with a clear vision of what kind of values they want to create for their clients, and a hunger to constantly improve and go beyond what is expected from them.

“They put their clients first, which makes them a perfect match with Söderberg & Partners values.  TJPs’ focus on media and sport is also a valuable complement to our current wealth management offerings tailored for niche clients, and we are proud to be partnering with them.”

Tim Whiting, founder, and Managing Director for TJP comments: “We have spent the last 6 months getting to know Söderberg & Partners and we have found Gustaf and his team to be personable, dynamic and all in all a great cultural fit for our business with strong client-first mentality and a focus on superb customer service.

“With their support we can build TJP to be a flagship for independent advice in the UK and together we will create a platform which offers functional up to date technology. This partnership enables future growth where our target is to acquire London IFA’s who want to ensure their clients receive bespoke personal independent advice”.

Commenting on the acquisition, Waverton Investment Management Group chairman David Rosier said: “Over the last three years Waverton has made and continues to make huge progress in terms of delivering our five-year plan.

“It has become increasingly apparent that the TJP business has aspirations for its brand that are not aligned with ours.

“I am therefore delighted that we have identified Söderberg to partner with TJP and to take the business to the next stage of its growth”.

In June, Söderberg & Partners raised £170.9m to to fuel its ambitious global expansion efforts. It said the company specified that these funds would play a pivotal role in bolstering its expansion endeavors in emerging markets, with a specific focus on the United Kingdom and Spain.

The new capital was provided by global investment firm KKR, an existing minority investor in Söderberg & Partners since 2019.

Söderberg & Partners is a major investment manager in Scandinavia and administers over £60bn of clients’ investments, with 3,000 employees in seven countries.

The group launched its UK platform offering to provide financial advisers with technology led platform solutions in February. The UK platform business will be conducted under the sub brand Söderberg & Partners Wealth Management and provide advisors with access to more than 4,000 funds, bolstered by the expertise of Söderberg & Partners’ in-house investment research team.

Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales

To discuss the M&A market, exit strategies and how to build value in your business, book a  45 minute confidential phone call with Managing Director Louise Jeffreys here.