Dynamic Planner, which provides Financial Planning software, has not revealed the amount being invested but says it is “significant.”

The firm says it welcomes the new investment from FPE Capital but its “independent focus” will remain.

FPE has a stake in many software-focused businesses and has previously had a stake in Financial Planning software firm Defaqto. Defaqto was later sold to Fintel (formerly SimplyBiz).

Dynamic Planner, led by CEO Ben Goss, says the money will help the management team accelerate growth and the “delivery of its ambitious plans in the UK and Europe.” 

Dynamic Planner says it now serves almost 40% of UK wealth advice firms and over 150 asset managers, profiling over £250 billion of assets via its SaaS platform.  

The firm is based in Reading and employs more than 100 staff. It says it is on track to exceed £10m in annual recurring licence revenues this year. 

Earlier this year the firm recruited Christophe Ponette as European managing director based in Luxembourg to lead continental expansion.  

Ben Goss, CEO at Dynamic Planner said: “As a fast growing, privately owned company we were looking for an institutional investor partner to help us take the business to the next level in the UK and internationally. 

“Our selection of FPE was based not just on their track record of backing software companies that successfully scale, but also on their team who we feel share our values. 

“From the outset, FPE understood the value that Dynamic Planner brings to our clients and industry as an independent provider of technology and asset risk modelling serving a growing community in the wealth management sector who trust and rely on us. They also share our vision for solving our industry’s major challenges through technology such as process digitisation, customer experience, investing sustainably for future generations, and omni channel Financial Planning in a post pandemic world.”

David Barbour, managing partner at FPE, said: “We are delighted to be working with the team at Dynamic Planner on their exciting growth ambitions and to build on their existing leading position in the wealth management sector with new products for this core market.” 

Among the firms FPE invests in are employee benefits firm Zest and digital mental health platform Togetherall.