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

Shackleton to acquire Hurst Point creating £17.5bn advice giant

Shackleton to acquire Hurst Point creating £17.5bn advice giant

Will be one of the UK’s largest financial planning firms

Isabel Baxter
clock 24 April 2026 • 2 min read
Sapia Partners avoids FCA penalty with £19.6m WealthTek payment

Sapia Partners avoids FCA penalty with £19.6m WealthTek payment

Exposed clients to ‘unacceptable risk’

Michael Nelson
clock 23 April 2026 • 1 min read
Tatton-backed Absolute adds first IFA through partnership programme

Tatton-backed Absolute adds first IFA through partnership programme

St George’s Financial Services joins

Jen Frost
clock 23 April 2026 • 2 min read