Investment management and fund solutions group Marlborough has made a ‘substantial’ investment in Clever Adviser Technology and taken a significant minority stake in the company.
The pair have been working in partnership since August 2022 when they launched the Clever Marlborough Managed Portfolio Service. Offering a range of six core and five sustainability-focused portfolios, the Clever Marlborough MPS combines Marlborough’s investment expertise with Clever’s fund selection and monitoring system.
Marlborough said the investment will enable Clever to accelerate its growth plans and enhance its service by developing new technological capabilities to meet the changing needs of financial planners.
Colum Wilde, founder and CEO of Clever, said: “We’re extremely excited about this new phase in our relationship with Marlborough and in Clever’s journey as a provider of top-tier services and systems to UK financial planners.
“Marlborough’s investment is a ringing endorsement of what we do and who we are and further strengthens our relationship with one of the UK’s leading independently owned investment management specialists.”
Richard Goodall, CEO of Marlborough, commented: “We’ve been working closely with Clever over the past two years and we’ve been highly impressed by the quality of their team, their technology and the culture of the business. We’re certainly not seeking to change anything at Clever. We’ve invested to share in the success of a high-calibre business with what we believe is a very bright future and we’re looking forward to continuing to work in partnership with them for the long term.”
The deal marks the latest in a series of investments by Marlborough, following an investment in IFA business Carrick Wealth and Hong Kong-based financial planning and wealth management firm BMP Wealth earlier this year.
