European mid-market private equity firm Inflexion is backing the launch of Absolute Financial Group, a new independent financial advice consolidator with £100m of committed funding through its Buyout Fund VI.
The new business will also benefit from the support of industry veteran Paul Hogarth, the Founder of Perspective Financial Group and Tatton Asset Management who will become Chair of Absolute.
The group’s ambition is to build one of the UK’s leading Independent Financial Planning businesses by bringing together high-quality advisory businesses under a unified, well-resourced structure.
Absolute Financial Management, a Southeast-based firm with £1.1bn in Assets Under Advice, is its first acquisition and will serve as the lead brand of the group and the central hub for all future acquisitions.
Absolute has been formed in direct response to the challenges within other consolidation models, including increased vertical integration and loss of independence for the financial advice businesses acquired.
Its strategy is focused on bringing together high-quality advisory businesses under a unified, well-resourced structure that supports advisers, delivers excellent client outcomes, and creates long-term value for clients.
The business is led by CEO David Carter, MD Ryan Seaton, and CFO Louise Coleman.
Inflexion previously invested in wealth management business Succession between 2014 and 2022, making one of the first private equity backed independent wealth management businesses.
Under Inflexion’s stewardship, the company pursued an ambitious acquisition programme with 60 businesses acquired.
