Advice network In Partnership has acquired The Adviser Support Hub (TASH) and The Admin Pod (TAP), providers of paraplanning and administration support for financial advisers.
The two firms had been providing outsourced paraplanning and administration services to the network’s members and wider financial adviser market for the past 14 years.
In Partnership said the acquisition will allow the network’s advisers ‘unparalleled access to market leading support services in line with the Appointed Representative regime and Consumer Duty rules’.
CEO of In Partnership Kevin McDonagh said: “We are delighted to acquire a proven, leading outsourced paraplanning firm in this next step of our expansion. This strategic acquisition will assist the group in its growth plans in several areas over the coming months.
“Our harmonious employee cultures facilitate a seamless transition moving forward, and we are confident in the success that it will bring. We look forward to working with and developing our business strategy together.”
“In consideration of the Appointed Representative Regime and Consumer Duty rules the acquisition of TASH and TAP will give our members access to support that will help to ensure a robust and repeatable research process, whilst allowing advisers additional quality time with their clients.”
Director of (TASH and TAP) Daniel Galbally said the acquisition “feels a very natural step”.
He added: “I am confident that OLPG’s industry expertise, resources and shared values will secure the future success of The Adviser Support Hub as a leading firm in supporting financial planners across the country. I know we have a great future together.”
“We are proud to be able to offer further support to our advisers to ensure their clients are given the best possible experience during their respective financial journeys.”
