IFA partnership Continuum has partnered with Marlborough Group Holdings, selling a 19.99 per cent stake in its business for an undisclosed sum.
Marlborough Investment Management, a Marlborough Group company providing discretionary fund management services, is expected to support Continuum’s plans for "strong business growth".
The partnership comes after an 18-month search by Continuum for a long-term partner, with the amount eventually invested described as "substantial".
Martin Brown, managing partner at Continuum, said: "Having shortlisted a varied range of potential partners and following a robust selection process, we considered Marlborough to be the standout partner for our business.
"There is a strong cultural fit between the two organisations, in addition to Marlborough’s expertise, reputation and track record of delivering exceptional investment performance for clients."
Mr Brown said Continuum’s assets under influence have increased to more than £750m and are forecast to exceed £1bn in the next 18 months.
He added: "We continue to seek and invite further high-quality advisers to join in our significant growth plans whilst further developing our partnerships with major accountancy firms across the UK."
Nicholas Cooling, deputy chairman at Marlborough Group, added: "As a group we’re committed to working in partnership with intermediaries to provide support as they grow and we’re very much looking forward to working with Continuum, who have impressed us with their strong commitment to their clients."
Last November Continuum completed its move to become directly authorised in a split from the Caerus Network, where it was the largest IFA business.
rachel.addison@ft.com
