Swedish wealth manager Söderberg & Partners has announced investments in three more UK-based IFA firms.

The latest firms include Francis Clark Financial Planning, Qi Financial Solutions, and Radcliffe & Co Independent Financial Advisers.

Söderberg said the investments form part of its long-term strategy to invest in UK advice firms and support their growth. The Swedish group has made several minority stake acquisitions over the last year and now has an interest in over 20 UK adviser businesses.

CEO of Söderberg, Gustaf Rentzhog, commented: “We are thrilled to announce our investment in three more successful financial advice firms.

“The UK market is home to many entrepreneurial financial advice businesses which demonstrate strong customer service and an innovative approach to financial planning. We are pleased to be able to support these businesses as they grow.”

Francis Clark Financial Planning, based across the South and South West of England, advises on more than £900m of client assets, while Qi Financial Solutions, an independent chartered financial planning firm based in Croydon, advises on over £165m of client assets.

Managing director of Francis Clark Financial Planning, Chris Reah, said: “We look forward to working together to develop a market-leading technology platform tailored to the needs of our clients and our people. This will put us at the cutting edge of how financial planning is delivered in the future, enhancing our ability to provide clients with insightful, personalised advice.”

Qi Financial Solutions managing director, Paul Annys, said: “We are constantly striving to improve the services we offer to clients and believe this strategic step will help us enhance what we can offer, both now and in the future, ensuring the best outcomes for our clients.”

Southampton-based Radcliffe & Co Independent Financial Advisers manages £1.5bn in assets and serves more than 3,500 personal clients and 150 corporate employer schemes.

Managing director of Radcliffe & Co, Neil Igglesden, commented: “We believe this will help address our concerns around ensuring continuity for both clients and staff in an ever-evolving financial landscape.”

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