Mergers and acquisitions  

Hybrid adviser Aventur buys South Woodford-based IFA

Hybrid adviser Aventur buys South Woodford-based IFA

Hybrid advice firm Aventur has bought South Woodford-based IFA JPSL Financial Services, adding £130mn in funds under management.

The deal, which was completed on April 6, was made by Aventur co-founders Thomas Young and Stacey Body.

The business was founded by the pair last April, and the firm said this was the first in a “large pipeline of similar acquisitions”.

Before founding Aventur, Body had a background as an investor in technology start ups, such as Startup Giants Plc and Hullo Aircrew.

Prior to that, he was chief executive officer at Chapter Place Associated, which was an appointed representative of St James’s Place. 

Body said of the acquisition: "The first of many similar [ones] in the pipeline, this marks the beginning of a very exciting time for the Aventur group. The future of finance is coming and we're at the forefront."

Young was formerly managing director and IFA at Brindle House Financial Services.

He carried a number of roles across the advice industry including director at Pure Planning, financial adviser and paraplanner at Charles Derby and operations manager and adviser to Quality Advisers Ltd, which was part of Fairstone Group. 

Young is also founder and chief executive officer at fintech firm Cintri. 

As part of the deal, JPSL’s chief executive officer Louis English will be taking a seat on Aventur’s investment committee.

English said: "As someone who has been in this industry for 30 plus years, I can see that Aventur’s approach represents the future of financial advice. I want to be part of that and I want my clients to be part of that, too."

The businesses said the merger will allow JPSL clients to benefit from the technology at Aventur alongside English’s advice. 

Aventur added that the next six months “will be exciting”. 

“Mark our words, this will not be the last you hear from this particular start-up,” it said.

The firm states it aims to “transform... the outdated, traditional financial adviser model” and reduce costs through intelligent back-office systems to allow them to charge lower fees.

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