- Finitor’s purchase of the two UK advisory firms brings its assets under advisement to more than £1.1 billion
- Financial Management Bureau (FMB) is a Kendal-based advisor with £250 million in assets under advisement
- Ascent Financial Consulting is a three-adviser firm based in Leamington Spa, with £190 million of assets under advisement
Rockpool Investments announced on Tuesday that it has made an investment in Finitor Wealth to back the purchase of two advisory firms. Finitor has bought UK firms Ascent Financial Consulting and Financial Management Bureau (FMB). The pickups take Finitor’s assets under advisement to £1.1 billion.
Ascent is a three-adviser firm based in Leamington Spa with £190 million of assets under advisement while FMB is a Kendal-based advisor with £250 million in assets under advisement.
“Finitor Wealth are delighted to have raised investment with Rockpool and this investment has allowed us to grow through the exciting addition of two high quality firms, Ascent Financial Consulting and FMB,” said Paul Stokes, CEO of Finitor Wealth. “We look forward to working with the teams at FMB & Ascent as they continue on their respective journeys.”
London-based Finitor was founded by Richard Rhodes and Paul Stokes in 2018 and offers a range of financial planning services to clients.
Rockpool Investments is a London-based private equity firm that was founded in 2011. Since then, it has invested over £500 million and returned over £400 million to investors. It looks to invest in businesses with annual revenues between £5 million to £30 million.