The latest mergers and acquisitions and other corporate actions in the wealth management sector.

Radiant Financial Group
Radiant Financial Group, the consolidator of UK independent financial advisor firms, has hit £1.3 billion ($1.47 billion) in assets under advisement (AuA) after acquiring three more IFAs.

The group has acquired Barnstaple-based Irvine Financial Services, which has £136 million in AuA, as well as eight members of staff, including three advisors. It has also acquired Oldham-based Landmark Financial Planning, which has £98 million in AuA and six staff members, including three advisors. In addition, Radiant has acquired Andrew Gibbs IFA, based in Henley-on-Thames, adding £91 million in AuA.

The latest deals take Radiant’s staff numbers to 130.

Early this month Radiant announced that it had bought Perth-based IFA, GS Financial Services and Aberdeen-based AMLP Financial Planning, which between them have £313 million in AuA.

Radiant Financial Group, a consolidator of like-minded IFA businesses, was founded in 2020. The firm is led by chief executive Simon Cogman-Hellier, who has more than 40 years’ experience in financial services.