Absolute Financial Group adds £255m in AUA with three adviser buys

Trio of acquisitions take total AUA to £1.5bn

Jenna Brown
clock • 1 min read
Absolute Financial Group adds £255m in AUA with three adviser buys

Absolute Financial Group has bought three advisory businesses, adding £255m in assets under advice (AUA) to its books.

The trio of purchases were made up of Padstone Financial Management, based in Hereford, Surrey-based Campton Financial Services and Iceni Financial Advisers located in Norwich.

The deals brought the group's total AUA to £1.55bn.

It said the latest acquisitions were part of its long-term growth plans, with all of the firms' offices and staff joining the group. Absolute added it aimed to unite "high-quality advisory businesses within a unified, well-resourced structure, promoting adviser support, holistic financial planning, outstanding client outcomes, and enduring client value".

Absolute Financial Group CEO David Carter said: "Welcoming Padstone Financial Management, Campton Financial Services, and Iceni Financial Advisers into Absolute marks another milestone as we continue to build a leading independent financial planning business. Each of these firms brings exceptional people, strong client relationships, and a commitment to high‑quality advice that aligns perfectly with our values and culture.

"We have a strong pipeline of like‑minded IFA firms that we expect to complete over the coming weeks in order to continue to grow and realise our ambitions."

Padstone Financial Management director Mark Young added: "After many years of searching for a business that could allow us to continue offering genuinely independent advice, we discovered the team at Absolute who clearly held the same values as we did.

"We pride ourselves on providing positive outcomes and performance for clients and as such, we are pleased to be joining Absolute, which will allow us to continue this and develop our business."

The Absolute deals come hot on the heels of acquisitions by Nine Edge Wealth, Vintage Wealth Management and The Private Office last week.

Keep up to date with all the adviser buyouts with PA's tracker.

Watch: 'Nobody is big enough not to be bought'

 

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