Lumin Wealth sells majority stake to Swiss VZ group

Five-year plan

clock • 2 min read

Swiss financial services company VZ Group has acquired a majority stake in IFA Lumin Wealth and intends to acquire the remainder within five years.

Lumin, which has undergone a decade of growth, was founded by Martin Cotter and John Cusins in 2010, and today manages more than £600m in assets under management with over 40 employees. It has offices in St Albans and London. The collaboration marks VZ's first foothold in the UK financial advice market. Lumin's management said they are committed to developing the company further together with their new partners. Martin Cotter, managing director of Lumin, said: "We could not wish for a more formidable partner and take pride in VZ's endorsement. VZ's package of financial planning DNA...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Tatton-backed Absolute Financial snaps up second IFA

Tatton-backed Absolute Financial snaps up second IFA

HR Independent Financial Services joins as the firm eyes eight more

Isabel Baxter
clock 23 March 2026 • 1 min read
GAM Alternatives managers call for Liontrust strategic review and sale

GAM Alternatives managers call for Liontrust strategic review and sale

Performance criticised

Patrick Brusnahan
clock 23 March 2026 • 2 min read
Nine Edge Wealth CEO on plans to recruit former athletes

Nine Edge Wealth CEO on plans to recruit former athletes

Financial services industry is a ‘great place’ for former sportsmen

Sophia Panayi
clock 23 March 2026 • 3 min read