A pair of advisers have launched a financial planning practice in Kingston upon Thames, serving high-net-worth clients throughout the UK.
Strategic Wealth Partners aims to "revolutionise wealth management in the UK" and specialises in comprehensive financial planning, including tax minimisation, data-driven investment strategies, and retirement planning.
It is tailored to successful professionals over the age of 50 and those recently bereaved.
Amyr Rocha Lima, co-founder and managing director of Strategic Wealth Partners, said: "We're thrilled to launch Strategic Wealth Partners and offer a new option for high-net-worth individuals approaching retirement and those who have been recently bereaved.
“Our goal is to help our clients make smart financial decisions in order to achieve their most cherished life goals.”
Ian Cooke, co-founder, added: "We would like to express our gratitude to Benchmark Capital for their assistance and support throughout our platform selection process.
“Furthermore, their expertise has been instrumental in helping us develop and implement our cutting-edge, data-driven investment solutions. We are grateful for their commitment to our vision and for providing us with the resources to bring our innovative firm to fruition."
The firm said what sets it apart is its suite of proprietary solutions, which offers:
- Client portal, enabling clients to view all of their finances in one place, share documents, message their adviser securely and access the value of their investments
- A fully integrated investment platform backed by SEI
- A set of in-house, low-cost, globally-diversified investment portfolios
- Consolidated view of budgeting and cash flow planning - integrated with open banking
“The Strategic Wealth Portal enables us to run the financial planning practice we envisioned, with the software and service our client’s deserve,” Rocha Lima said.
“We can create a fact-find, run AML checks, open client accounts, work on their budget and cash flow plan, manage their investment portfolio, produce reports and reconcile remuneration – all in one streamlined solution.”
The firm also acquired Kingswood Financial, a firm founded by Graham Day, a chartered financial planner and certified financial planner with over 30 years of experience.
The acquisition has added approximately £45mn in assets under management and an additional 50 client families.
Graham Day, managing director of Kingswood Financial, said, "We are thrilled to join forces with two of the UK's leading and most well-respected financial planners.
“This acquisition is great news for our clients, bringing greater strength, depth, and continuity to the consolidated business."
Rocha Lima added: “I am absolutely thrilled with the succession plan we’ve been able to create with Kingswood Financial.
“I have known Graham for a number of years, which gives me confidence that we share the same values, passion, and commitment to delivering an excellent client experience.
“We believe the success of this transition sets a precedent, demonstrating a viable pathway for other small, highly-qualified boutique financial planning firms who are contemplating a succession plan for their businesses, allowing us to potentially replicate this model to foster mutual growth and shared success.”
sonia.rach@ft.com
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