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June 30, 2020

Truinvest swoops on two financial planning firms

Truinvest, a UK-based financial services firm established by former Mattioli Woods executives Mark Smith and Micky Johal last year, has purchased Group Rapport and Bromwich Financial Planning.

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Financial terms of the transaction were not revealed. The acquisitions bring Truinvest’s total assets under advice to £350m.

The deals align with Truinvest’s plans to have £1bn of assets under advice within a year.

The firm, backed by private family office Stonewood Wealth, targets £50m of revenues over the next five years.

Truinvest CEO Smith said: “Micky and I formed Truinvest to create a modern, forward-thinking financial services business focused on giving highly-personalised advice and supported by the best of technology.

“We believe this will enable the group to deliver great client services while freeing-up our advisers to spend more time with clients on the things that matter most in all aspects of their financial planning”.

Weybridge-based Group Rapport offers advice to corporate and private clients. It was established in 2007 and has four advisers.

Established in 1991, Bromwich Financial Planning is headquartered in Market Harborough.

Group Rapport managing director Jeremy Martell said: “In Mark, Micky and Stonewood Wealth, we believe we have found a partner who will embed our core values within a new and growing business to drive our company and client offering in the direction we all want.”

 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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