Digital financial services company Alpian, incubated by the Swiss banking group REYL & Cie (REYL), has raised USD18 million (CHF16.9 million) in Series B funding round. The fundraising follows a CHF12.2 million Series A round in 2020.
Sovereign Capital Partners, a UK private equity Buy & Build specialist, has backed Skerritts, a successful Independent Financial Advisory (IFA) and Wealth Management business, in a deal worth GBP55 million.
Fairstone Group secures major investment with global private equity house TA Associates alongside current backers Synova
Chartered financial planning firm Fairstone has completed a deal with global private equity house TA Associates which sees funds advised by TA take a significant stake in the business.
WealthArc, a Swiss FinTech platform organising investment information for wealth managers and their HNW clients, has secured over USD4 million in new funding.
Hightower has made a strategic investment in Siller & Cohen Family Wealth Advisors, an USD830 million wealth management firm in Rye Brook, New York that provides multi-generational financial planning, investment management and estate planning services to high net worth individuals and families.
Quirk, a consumer fintech startup that uses unique personality testing to deliver tailored financial advice to young professionals, has raised GBP300,000 in pre-seed funding from SFC Capital and angel investors.
Berlin-based WealthTech PaaS Elinvar has successfully closed a EUR25 million funding round to scale its multi-tenant platform, connecting the wealth management ecosystem.
IK Investment Partners' (IK) IK Small Cap II Fund has reached an agreement to invest in Valoria Capital (Valoria), an acquisition platform of independent financial advisers. Financial terms of the transaction have not been disclosed.
Pemberton, a diversified asset manager backed by Legal & General Group, has refinanced the existing bank debt of Astoria, an independent financial adviser (IFA) in France.
R&D spending in the UK financial services sector has soared by 19 per cent over the last three years to a total of GBP690 million in 2019, up from GBP581 million in 2017.