IFA consolidator Radiant Financial Group has launched its own platform with the help of Octopus-owned white-label technology provider Seccl.
Led by Peter Mann, the former vice-chairman of Old Mutual and chief executive of Skandia, Radiant has named its new platform ‘Radiant Platform Management’.
The firm said it decided to launch its own platform to hold clients’ financial assets in a more “modern, cost effective way”, with “clarity, cost and control [...] at the forefront of the design process”.
It also said owning its own platform brought “business efficiencies” and allows it to offer clients a “unified user-experience” across various investments.
The programme will be gradually rolled out to existing clients, with new clients to be onboarded onto the platform straight away where it is deemed appropriate.
Mann chairs the consolidator alongside chief executive Simon Cogman-Hellier, who previously headed up advice firm Clarkson Wayman Ball Group.
Cogman-Hellier said the platform launch will allow its advisers to spend more time doing “what they do best – advising on financial portfolios”.
He added: “Radiant has developed enviable ‘one-key’ technology – this development, alongside our IT partners, enables us to offer further efficiencies and cost savings to our clients, which is entirely aligned to our company’s culture.”
Krys Wojnarowicz is the platform’s managing director. She is also chief operating officer of the group, having previously co-founded Pirkx - a start-up serving the gig economy benefits market.
Radiant currently comprises CWB and PPS ReSource Mortgages. It launched back in November 2020 with 20 advisers in its ranks and £800mn assets under management.
Private equity firm Apiary Capital backs the consolidator, alongside investment from existing Radiant Financial Management.
ruby.hinchliffe@ft.com
