Apiary Capital has provided significant capital to support Radiant Financial Group’s buy-and-build strategy in the wealth management sector. Radiant has simultaneously announced the cornerstone acquisition of CWB, an award-winning group specialising in financial advice, tax planning, employee benefits and business consultancy services. CWB’s core strength is its proven ability to address the entire spectrum of financial needs of companies, owners and employees. The group consists of 20 advisers with £800m of assets under management.
Radiant’s highly experienced management team is led by industry leaders Peter Mann (Chairman) and Simon Cogman-Hellier (CEO). Mann was previously Vice-Chairman of Old Mutual and CEO of Skandia, whilst Cogman-Hellier has been involved in the financial services industry for 40 years, working with companies including Marsh & McLennan, KPMG, Oval and Bluefin.
“I am delighted to announce the launch of Radiant Financial Group,” said Simon Cogman-Hellier, CEO. “Our industry remains fragmented and this represents an opportunity for like-minded IFAs to become part of something special, allowing them to remove the regulatory and admin burden whilst continuing to work in an open, positive environment, focused on doing the right thing by their clients.”
Jeniv Shah, Partner at Apiary Capital, said: “We are delighted to be supporting Simon and Peter’s ambitious growth plans. CWB is a high-quality group, with a clear strength in compliance and client-centric service, all underpinned by their culture. This is an excellent foundation on which to build the Radiant Group.”