Swedish wealth manager Söderberg & Partners has made three more investments into UK-based independent financial adviser (IFA) firms.

The three latest firms are Norfolk-based Hoyl Independent Advisers, Intelligent I-FA which is based in the Midlands, and Yorkshire-based Mosaac.

Following many months of minority stake acquisitions, Söderberg has an interest in over 20 UK adviser businesses. The acquisitions have formed part of the Swedish group’s long-term strategy to invest in UK advice firms and support their growth.

CEO at Söderberg, Gustaf Rentzhog, said: “We have found a wealth of investment opportunities across the UK financial advice space in our search for innovative firms with strong growth potential.

“The quality of financial advice given and the longevity of relationships built gives these firms the edge, and we are delighted to be able to support their ambitions for the future. Investing in British financial services businesses is the cornerstone of our expansion strategy in this market, and we have been consistently impressed with the high calibre of businesses we have found.”

Managing Director of Hoyl, Mick Ramage, commented: “As the advice gap in the UK continues to widen, this new partnership will enhance our operations and enable us to offer comprehensive financial advice to even more clients at a highly competitive cost.”

Founders of I-FA, Mihir Shah, Sonni Assi, Ramsy Dhillon, Sukhpal Toor, said in a statement: “With [Söderberg’s] approach to developing technology to improve the advice process and experience, this will enable our advisers to benefit clients and enhance the service they receive.”

Mosaac director, Daryl Clark, added: “Joining the Söderberg partnership presents an incredible opportunity for our firm and our clients. It allows us to enhance our service offerings and tap into a broader network of expertise, resources, and innovation, while staying true to the values and personal touch that have always defined us.”

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