One Four Nine advisory and fund management group launches with inaugural acquisitions

  • New independent financial advisory and fund management group One Four Nine Group launched this week

  • Announcement of two first acquisitions: Charter Financial Planning and Rice Whatmough Crozier.

  • Competitively priced internal discretionary fund management activity offering active, passive and sustainable portfolio solutions.

  • Experienced management team focused on professional services financial advisory activities and companies with tax-advantaged alternative investment needs.

New national independent financial advisory and fund management company One Four Nine Group launched with the acquisition of two high quality financial advisory firms, Charter Financial Planning and Rice Whatmough Crozier, bringing 7 advisors and over £ 300 million in assets under management to the Group.

Financial planning charter has a 40 year history of providing a full range of financial planning services to clients in Preston and the Northwest region. The company has 3 experienced advisers and 8 support staff with over £ 100million in assets under management.

Whatmough Crozier Rice, the Middleton, Greater Manchester-based investment and retirement advisory firm was formed in 2010 following a management takeover of professional services firm Deloitte. With 4 senior advisers and 7 support staff, the company manages over £ 200million in assets under management.

Collectively, Charter Financial Planning and Rice Whatmough Crozier serve over 700 clients.

These inaugural acquisitions are the first step in an ambitious growth plan.

One Four Nine is establishing a national independent financial advisory and fund management group primarily targeting accounting and other professional service firms that own or have a joint venture with financial advisory firms, as well as stand-alone consulting firms that reflect the Group’s collaboration, innovation and professionalism. This includes financial advisory firms experienced in recommending tax-advantaged alternative investments * or advisers seeking access to this part of the advisory spectrum who may not have had the infrastructure or confidence to do so previously. .

One Four Nine is also uniquely positioned to provide a central investment proposition to advisors and their clients upon enrollment. Led by an experienced and well-respected Chief Investment Officer, Dr Bevan Blair, One Four Nine Portfolio Management is the group’s in-house discretionary fund management proposition. Through a robust investment process, One Four Nine Portfolio Management offers its clients active, passive and sustainable model portfolio solutions at extremely competitive prices. One Four Nine Portfolio Management is regulated and licensed by the FCA and already manages client assets.

The management team of One Four Nine Group has unparalleled experience in the financial advisory industry encompassing investment management, tax, accounting and business development. This experience makes them an ideal choice both culturally and practically for consulting firms seeking help to take a new step in their own professional journey while protecting the needs of their clients.

Copper Street Capital, the private equity investor focused on the financial services industry, has agreed to terms to provide significant capital to support One Four Nine Group’s growth strategy.

Matthew Bugden, CEO of One Four Nine Group, said:

“We are delighted to welcome the Charter Financial Planning and Rice Whatmough Crozier teams to the One Four Nine group. Both firms are successful businesses with highly qualified advisors; we look forward to working with them and allowing them to spend more time with their clients.

“We are fully aware of the challenges facing advisers today in an increasingly fragmented market. As regulatory and administrative burdens progressively mobilize more and more resources, One Four Nine Group offers quality consulting firms the possibility of accessing a central investment proposal, whether it is a discretionary solution. tailored, model portfolios or tax-efficient alternative investments, as well as extensive support to reduce the administrative and regulatory burden on advisers.

“Our leadership team have collectively spent decades building deep relationships within the consulting industry, giving us unique insight into the companies we seek to connect with. As 15% of advisors plan to sell within the next 5 years, we have a strong portfolio of outstanding consulting firms across the UK and have built an entrepreneurial business with a vibrant, collegial culture that will make us the natural partner of choice for quality. consulting firms. We are already in discussions with other consulting firms and plan to make further acquisitions in the near future. “

The management team of One Four Nine includes the Managing Director – Matthew Bugden, the Managing Director – Gabrielle Beaumont, the Chief Investment Officer – Dr Bevan Blair, the Chief Risk Officer – Shaun O’Leary and the Chief Financial Officer – Steve Cohen.

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