Vintage Wealth Management has bought Buckinghamshire-based Financial Management Independent Financial Advice (FMIFA), FT Adviser can reveal.
The sale will add £400mn of assets under advice, creating a combined business of £2.14bn in client assets.
Swedish wealth manager Söderberg & Partners bought a minority stake in Vintage Wealth Management in January 2024.
Vintage operates across four core areas, wealth management, asset management, employee benefits and private medical insurance broking.
John Morton, chief executive officer of Vintage, said: “[FMIFA] is a business that shares our culture of a high level of client care and builds trusted relationships for the long-term, making it 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.”
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.
Harper, managing partner at FMIFA, said: “It has been a long journey to find the right company 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.”
The firms said the combined business will have the scale and resources to accelerate investment in technology, including embracing new IT infrastructure and artificial intelligence to enhance client service and operational efficiency.
Morton said: “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.”
Andy Robinson, partner and financial planner FMIFA, added: “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.”
sonia.rach@ft.com
