Financial Planning firm Foster Denovo Group has revealed it made a loss of £1.5m in 2025 - after making a profit of £1.3m in 2024 - despite revenue climbing 15% to £49.3m.
In its annual results for 2025 published today, the firm said earnings before interest, taxes, depreciation, and amortisation came in at £9.1m, while it achieved its the ninth year of consecutive revenue growth.
Assets under management for the year grew to £2.2bn, up 30% on 2024, across the Dynamic Portfolios and Sequel Investments.
The group owns financial advisers Foster Denovo, corporate advisory consultancy Secondsight, and investment management firms Sequel Investments and FD Dynamic Portfolios.
It said the end of 2025 marked four years since Foster Denovo began to deploy Crestline’s funding for its acquisition programme.
The company said it has begun work on creating a data lake - a centralised storage system that holds vast amounts of data in its raw, native format until it is needed for analysis - in partnership with fintech firm Palindrome. Unlike traditional databases or data warehouses, data lakes do not require data to be cleaned, formatted, or structured before it is saved.
Roger Brosch, Foster Denovo chief executive, said: “A solid year in which we secured the foundation for the next phase of growth, completing the integration of previous acquisitions and investing to realise the benefits AI is already delivering across our business.
“We are now well positioned to continue to move forward; bringing together organic initiatives and further acquisitions with the scale and day-to-day efficiencies digital innovation will underpin.”
Foster Denovo Limited has 13 offices across the UK. The group has 6,000 clients and families and some 1,500 businesses across the UK.
The firm appointed Helen Lovett to be group managing director in May.
It acquired Verum Wealth in Glasgow in 2025, after acquiring Brian Mole and 80Twenty in the Midlands in autumn 2024 and Rosemount – also in Glasgow – in summer 2024.
The same year, it doubled the size of its employee benefits division with Punter Southall’s corporate advisory arm and acquired wealth managers Wade Financial in Newcastle and Creative Financial Solutions in Hampshire.