Sweden’s Söderberg completes 4th UK adviser deal

Main Swedish wealth supervisor Söderberg & Companions has accomplished its fourth UK adviser deal of the 12 months by shopping for a minority shareholding in London-based Era Monetary Companies for an undisclosed sum.

All present Era administrators, administration, consultants and help employees will stay with the agency, Söderberg mentioned.

Söderberg mentioned its deal will assist Era develop and enhance its providing, whereas sustaining its moral method to consumer service.

It mentioned the important thing distinction would be the addition of additional performance for Era in the way in which it delivers consumer recommendation and help companies, and a wider vary of alternatives.

Era Monetary Companies contains the buying and selling names of Era Wealth Administration, Era Worker Advantages and Era Charity Consultancy. Based on the FCA Register, the agency has been authorised since 2009 with the three buying and selling names authorised since 2020.

Söderberg mentioned it takes a client-first method and believes within the energy of expertise and carefully-designed funding merchandise.

Gustaf Rentzhog, group chief government at Söderberg & Companions, mentioned: “The recommendation occupation comes with growing operational prices and regulatory necessities. We’re happy to have the ability to supply help to a smaller agency on this regard, in addition to with managerial and back-office actions, so Era can attain its full potential. That is the newest step in our progress technique, which has seen us take stakes in three different IFA corporations as we search to make our mark within the dynamic UK market.”

Andrew Waller, director and joint proprietor of Era, mentioned: “Our ambition is to set new requirements and display greatest observe inside the wealth administration and worker advantages sectors. With Söderberg as our companion we’re assured we are going to obtain our purpose.”

This newest acquisition follows Söderberg’s September buy of stakes in three IFA corporations. The group acquired a majority stake in Timothy James & Companions and minority stakes in Cambridge-based Dartington Wealth Administration and Atherton York in North London.

In June Söderberg & Companions introduced it had secured an extra £170m from minority proprietor KKR to assist fund the expansion of its adviser proposition.

The Swedish agency entered the UK adviser market earlier this 12 months and goals to companion with as much as 1,000 monetary advisers within the UK inside 5 years. The agency mentioned it plans to ascertain and construct a big unbiased monetary recommendation and funding administration enterprise within the UK.

Söderberg & Companions was based in Sweden 2004 and is among the greatest wealth managers and company insurers within the Nordic area and the Netherlands. It has greater than 4,000 workers in 110 workplaces in Sweden, Norway, Denmark, Finland, the Netherlands, Luxemburg and Spain, and greater than £60bn in property beneath administration and recommendation.


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