Cheshire-based IFA network Corbel has made its eighteenth acquisition since 2023 under its succession proposition.
The five most recent acquisitions for the network were all client banks belonging to retiring advisers. One was a partial purchase from an adviser taking phased retirement.
The network received £10m in capital funding from Beechbrook Capital in December to help fund its acquisition programme.
David O’Hara, co-founder of Corbel, said: “Our members want a fully independent solution that means whichever product clients have today, they will still have after their adviser retires. They don’t want to see their clients passed into the hands of consolidators and we’re really pleased to be delivering exactly what advisers and clients want.”
The network has also invested a further £500,00 into the second phase of its internal technology platform, Finpath.
Phase one was launched in 2024, a platform that advisers can use as a client portal and as a CPD tracker.
Finpath 2.0 adds new technology which focuses on streamlining client information, including vulnerability reporting, documentation, letters of recommendation, and product selection.
Corbel Partners is an independent financial advice network with 189 members under its supervision. It is working towards a goal of 250 advisers by the end of 2026.
The firm was founded in 2005 by Chartered Financial Planners, Paul Heath and David O’Hara.