A new independent financial advice consolidator Absolute Financial Group has launched with backing from Inflexion Private Equity and an experienced leadership team drawn from across the sector.
The group is headed by former CMS Wealth CEO David Carter and Tatton Asset Management and Perspective Financial Group founder Paul Hogarth, serving as non-executive chairman. Absolute has already exchanged contracts on its first acquisition, Absolute Financial Management, an Ashford, Kent-based IFA with £1.1bn in assets under advice. The deal remains subject to Financial Conduct Authority change-in-control approval. The South East firm, which will act as the central hub for future acquisitions, is expected to form the core of a single national brand as Absolute expands. The strategy w...
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