Financial services consolidator Absolute Financial Group debuts, bolstered by backing from private equity firm Inflexion
Absolute Financial Group Launches with £115M Backing and Ambitious Consolidation Plans
Absolute Financial Group, a new independent financial advice (IFA) consolidator, has been launched with the support of private equity firm Inflexion and other investors. The group aims to acquire and unite high-quality, culturally aligned advisory businesses under a single national brand, emphasizing adviser support, holistic financial planning, and outstanding client outcomes while preserving the independence and values of the acquired IFAs.
The group's strategy is backed by £115 million equity, with Inflexion contributing the majority of the funding from its Buyout Fund VI. Tatton Asset Management and the management team are also investors in the consolidator.
David Carter, formerly CEO of CMS Wealth, will lead Absolute Financial Group as its CEO. Paul Hogarth, the founder of Perspective Financial Group and Tatton Asset Management, will join as non-executive chair.
Absolute Financial Management, with £1.1 billion in assets under advice, has been acquired as the first step in consolidating advisory businesses. The company, headquartered in Ashford, Kent, will serve as the central hub for future acquisitions.
The group offers flexible acquisition structures, including majority and minority sales, targeting IFAs that have strong client relationships and growth ambitions. It aims to address concerns in the IFA community about loss of independence and decline in service standards after selling by creating a group culture that respects ethics, integrity, and legacy.
Inflexion's managing partner and head of Buyout Fund, Flor Kassai, is excited to back another wealth management firm. The private equity firm sees significant potential in the team behind Absolute Financial Group.
The acquisition is contingent on FCA change of control approval. With a strong acquisition pipeline already in place and significant private equity backing, Absolute Financial Group is positioned to become a major consolidator in the UK retail financial advice sector.
By leveraging scale, operational support, and a unified brand, Absolute Financial Group aims to build one of the UK’s leading independent financial planning businesses, attracting further acquisitions and boosting adviser capabilities and client outcomes. The right digital tools, further enhanced when uniting complementary businesses, can create a player of scale in the wealth management sector that still delivers the personal touch and independence clients value.
[1] Absolute Financial Group is supported by private equity firm Inflexion. [2] Inflexion's managing partner, Flor Kassai, is excited to back another wealth management firm. [3] David Carter, formerly CEO of CMS Wealth, is the CEO of Absolute Financial Group. [4] Absolute Financial Group is acquiring Absolute Financial Management, a firm with £1.1bn in assets under advice, as its first step in consolidating advisory businesses. [5] Absolute Financial Management will serve as the central hub for future acquisitions by Absolute Financial Group.
- Private equity firm Inflexion is supporting Absolute Financial Group, a new consolidator in the UK retail financial advice sector.
- Inflexion's managing partner, Flor Kassai, is excited about backing another wealth management firm through Absolute Financial Group.
- David Carter, previously the CEO of CMS Wealth, now leads Absolute Financial Group as its CEO.
- Absolute Financial Management, a firm with £1.1 billion in assets under advice, is being acquired by Absolute Financial Group, marking the first step in consolidating advisory businesses.
- Absolute Financial Management will act as the central hub for future acquisitions by Absolute Financial Group.
