Sat, 10 Apr 2021 | BUSINESS SALE
Fidelius Group has completed the acquisition of Bath-based financial advisory firm Robson Taylor IFA for an undisclosed amount. The acquisition is Fidelius’ fifth and continues a recent wave of M&A activity in the advice and wealth management sector.
The acquisition brings £105 million in assets under management (AUM) and £780,000 in revenue to Fidelius, which has an existing £1.75bn in AUM. Post-acquisition, Robson Taylor IFA will rebrand to Fidelius, but otherwise all staff, including principals Paul and Debbie Timmins, will remain with the company.
Fidelius Group CEO Jim Grant said that he had “long thought Robson Taylor IFA would be an excellent fit for Fidelius, when the time was right for all parties.”
“Paul, Debbie and the team at Robson Taylor IFA have worked very hard to build a great business, which is focussed on valued long-term client relationships, and this fits very well with the Fidelius approach,” Grant added.
Fidelius said that Robson Taylor IFA would benefit from the wider group’s technology, economies of scale and administration. It also added that Robson Taylor IFA’s clients would see no changes to their costs.
Discussing the sale, Robson Taylor IFA Principal Paul Timmins said: "Fidelius is an extremely well-respected business with shared client-centred values. With an ever-increasing regulatory burden, we are now looking forward to adopting their services and expertise, benefitting from the economies of scale that Fidelius, as a bigger business, has in place.”
Increasing compliance burdens are one of the key drivers behind the current wave of advice sector M&A. Climate related disclosures will apply to UK IFAs from 2022. These are similar to EU measures introduced last month requiring the implementation of Environmental Social and Governance (ESG) processes.
Furthermore, with UK regulators increasingly wary of the security threats posed by technology, the FCA has stated that, by the end of this year, all UK IFAs must be able to demonstrate their robust operational and cyber resilience.
Paul Timmins added that: “My saved time can be used to focus 100 per cent on servicing my clients, which is the part I enjoy most.”
Find businesses for sale here.
If you are looking for an exit, we can help!
A well-established London based consultancy with expertise in complex international environments is seeking immediate equity investment or a sale of the business and/or its assets.
This is an exclusive chance to acquire a legal claims business with substantial work in progress valued at around £5 million.
An established energy management consultancy, specialising in procurement and renewable energy, is on sale due to owner retirement. It boasts a diverse commercial client base, long-standing contracts, and global outreach potential, supported by a ski...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.