The Quanta Group, a next-generation financial services Group which comprises the Wealthtime and Wealthtime Classic platforms and DFM Copia Capital is delighted to announce the acquisition of a majority interest in Craven Street Wealth, the leading independent financial planning firm. Backed by Quanta Group’s owner, private equity specialist AnaCap Financial Partners, the deal is the next step in the Group’s long-term strategy to broaden its wealth management proposition beyond platforms and discretionary fund management. It also supports Craven Street Wealth’s own ambitious growth plans to build the business through further acquisitions alongside organic growth.

Craven Street Wealth, the southern based Chartered Independent Financial Planning business launched in 2021, is recognised as a leading IFA business, including having recently been listed as number 2 in the country for 2024 by FTAdviser.

The 90 strong team currently consists of 30 Financial Planners and manages client assets of circa £2bn for over 3,500 clients. With offices in London and five other locations in the South, Craven Street is building a business which has successfully integrated recent acquisitions whilst continuing to grow organically, a reflection of the valued services provided to clients. Indeed, one of the stand-out features of the business is the combination of long term staff and client relationships, many of whom have been with the business for many years, whilst also developing plans concentrating on the future focusses of clients, the business and industry.

We are delighted that as part of The Quanta Group, Craven Street Wealth will join other Group companies; platform providers, Wealthtime and Wealthtime Classic and discretionary fund manager, Copia Capital. We believe that by combining services as part of the Group, while crucially maintaining a focus of independence, provides the best foundation possible for this next generation financial services Group, responsible initially for client assets of c.£18Bn, but with a focus on growth in all three businesses, including investments to be made in technology and service delivery to respond to client requirements.

AnaCap has very ambitious plans in this sector and believes in and will back the continued growth of CSW in-line with the IFA firm’s existing strategy of independence, an advice led proposition, full integration of future acquired IFA firms, excellent client service and a belief in fair dealing with all business stakeholders. This new partnership will continue to contribute toward the expansion of investment propositions, service solutions, platform technology and systems.

Importantly, Craven Street Wealth, Wealthtime and Copia Capital will remain separate businesses with separate management teams.

Quanta Group CEO, Patrick Mill, comments: “We are committed to building a next-generation financial services group that delivers significant value to advisers and advised clients. We have already positioned the Group for growth through our recent strategic partnership with Wipro and GBST to transform Wealthtime into a market-leading, digital-first platform built around our customers, and our award-winning DFM Copia Capital, which provides advisers with differentiated custom portfolios. The acquisition of Craven Street Wealth further expands our offering to include

independent financial advice and we look forward to supporting the team as it continues to grow, both organically and through further acquisitions.”

Craven Street Wealth Managing Director, Tom Barnett will continue to lead the Chartered Independent Financial Planning business and will also join The Quanta Group Executive Committee following completion. Tom adds “Since forming Craven Street Wealth in March 2021 we have succeeded in implementing what we regarded to be the first stage of our ambitious growth plans; scaling our longstanding core business to a much wider audience across multiple offices, whilst proving the concept that through integration and ambition, we can provide a positive and inclusive environment for our team to develop and promote high standards of advice to clients. In considering the next phase for the business, it was essential that we could find an investor completely aligned to our focus on providing high quality advice and solutions to clients for the long term, whilst also recognising the opportunities that arise from significant regulatory and technological change. I am thankful to the team in CSW for their hard work, adaptability and enthusiasm and look forward to the opportunities ahead.

To learn more about Craven Street Wealth or Quanta group and the benefits of wealth management contact us on 0330 320 9280, email: info@cravenstreeetwealth.com or complete our online enquiry form.