Online investment advice business eVestor is to acquire financial planning firm Postcard Planning Ltd subject to FCA approval.
The deal will see Rohan Sivajoti, founder of Postcard Planning and chartered financial planner, become advisory services director at eVestor with responsibility for the creation and delivery of the company’s advice proposition.
He will sit on the eVestor board with co-founders Anthony Morrow and Duncan Cameron.
While Postcard Planning’s clients won’t automatically be moved onto the eVestor platform, it is hoped that a combination of a market-leading digital proposition and low-cost solution will be attractive to them and fit with their objectives.
Mr Sivajoti said: “The future of the UK advice market lies in the ability to combine market-leading technology, modern forms of communication and accessible human input within a competitively priced proposition and this is exactly what Anthony is aiming to do with eVestor.
“Joining the team at this early stage not only means I can influence the development of a new and hugely exciting venture, but also get to work with a highly experienced and successful team of entrepreneurs with a clear and compelling vision for the future and the necessary funding to make it happen.
“The deal represents a great opportunity for me and the team and also all of the Postcard Planning clients.”