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Söderberg & Partners-backed wealth manager Vintage Wealth Management (Vintage) has acquired Financial Management Independent Financial Advice (FMIFA).
The deal will add £400m of assets under advice to Vintage, the wealth manager confirmed in a press release today (8 April), creating a combined business of £2.14bn in client assets.
Buckinghamshire-based FMIFA was founded by Philip Harper and has been in business for more than 30 years. The firm offers retirement planning, wealth management, protection, corporate benefits and advice on equity release.
Vintage said the combined business will now have the scale and resources to increase investment in technology, including new IT infrastructure and artificial intelligence to "enhance client service and operational efficiency".
The Söderberg & Partners-backed wealth manager operates across wealth management, asset management, employee benefits and private medical insurance broking.
Prior to the acquisition, Vintage had £1.1bn in advisory funds under management and £484m in discretionary funds under management supported by 25 IFAs.
Vintage CEO John Morton said: "This is a business that shares our culture of a high level of client care and builds trusted relationships for the long-term, making it is an excellent fit for us.
"FMIFA has a reputation as a highly respected local advice firm and we look forward to working closely with Philip and the team."
Morton continued: "With the support of Söderberg & Partners, we're able to continue investing in how we operate, from smarter internal systems to a dynamic client experience. That's where the real magic happens."
FMIFA managing partner and financial planner Philip Harper said it has been a "long journey" to find the right firm to partner with.
"After 18 months talking with Vintage Wealth, understanding how they work and where they are going, we are now very excited for the future and confident we have made the right decision, for clients, staff and ourselves," he said.
FMIFA partner and financial planner Andy Robinson added: "I'm excited to be joining Vintage Wealth, a business that's an excellent cultural fit for FMIFA. Vintage clearly places its clients and its people at the centre of their business.
"The technology plans are also super focused, making it a great match for how we see advice to clients evolving in the years to come."
It was announced that Söderberg & Partners took a minority stake in Vintage in January 2024.
At the time, Söderberg & Partners group CEO Gustaf Rentzhog praised the firm's "scalable platform with strong infrastructure and a fast-growing professional network".
