Wed, 05 Nov 2025 | BUSINESS NEWS
A private equity-backed wealth management firm headquartered in Manchester has said it plans to further accelerate its expansion over the coming years, with M&A forming a part of its growth strategy .
Five Wealth secured a £6.7 million investment from Foresight Group in 2023, enabling the firm to accelerate its strategic growth. As a result of organic growth and the expansion of its adviser team, the company has recently exceeded £1 billion in assets under management (AUM) for the first time.
At the end of July 2025, the company had AUM of £1.08 billion, a 36 per cent increase from £794.6 million a year earlier. During that time, the company’s revenues increased by more than 18 per cent from £3.8 million in 2023/24 to £4.5 million in the year to July 31 2025.
Since Foresight’s initial investment, Five Wealth has increased its headcount by 20 per cent, including a number of senior appointments, and has promoted long-standing team members Liz Colfer, Amy Grace and Rick Gosling to director roles.
The firm is now seeking to double its AUM over the next three to four years, which it aims to achieve through a combination of strategic acquisitions, continued client referrals and strategic recruitment. Despite years of intense consolidation, fragmentation remains high in the UK wealth management sector.
There has been surging demand from business owners seeking financial planning services, in the wake of recent changes to pension legislation and inheritance tax. Five Wealth is well-positioned to capitalise on this growing demand, with the firm specialising in helping business owners to navigate major financial transitions and known for building strong, lasting partnerships with its clients.
Phil Shaw (pictured above), Managing Director at Five Wealth, commented: "We’ve come a long way since our backing from Foresight in 2023. The support we’ve received from Foresight and our clients has enabled Five Wealth to go from strength to strength.”
"We’ve built Five Wealth around understanding the real journeys business owners are on - their challenges, ambitions, and family priorities. Our growth has come from standing alongside them, not just managing money.”
"This tremendous increase in AUM is not the only story and behind the scenes we have been working hard on creating the internal structures to scale up in a meaningful, but sensible way."
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