For Professional Advisers only.

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Quanta Group, a newly formed next-generation financial services group led by Patrick Mill, has confirmed the purchase of leading independent financial planning business Craven Street Wealth. The Group also comprises the Wealthtime and Wealthtime Classic platforms and DFM Copia Capital.

Quanta Group’s acquisition of Craven Street Wealth is a statement of its ambition to provide a broad wealth management proposition beyond platforms and discretionary fund management. Craven Street Wealth, the Wealthtime and Wealth Classic platforms and Copia Capital will continue to operate as independent businesses with separate management teams.

Craven Street Wealth is a leading independent financial planning business with offices in London and across the south of England. Founded in 2021, it has built a high-quality, independent advice-led business through organic growth alongside acquisition and integration. Its 90-strong team, including 30 financial planners, manages around £2bn of client assets for over 3,500 clients, bringing the Quanta Group’s combined assets under advice to around £16bn for over 77,000 clients. Tom Barnett remains Managing Director of Craven Street Wealth and will join the Quanta Group Executive Committee.

Quanta Group CEO, Patrick Mill, comments:

“We are committed to building a next-generation financial services group that delivers significant value to advisers and advised clients. Our new group structure safeguards the continued independence of our three business areas – platform, DFM and advice.

“We have already laid strong foundations for expansion both through Wealthtime, with our recent strategic partnership with Wipro and GBST to become a market-leading, digital-first platform built around our customers, and through our award-winning DFM Copia Capital, which offers advisers differentiated custom portfolios. Now Craven Street Wealth adds a new complementary business area to the Group, supporting our long-term strategy to become a leading player in the wealth management sector.”

Tom Barnett, Managing Director of Craven Street Wealth, adds:

“Since forming Craven Street, we have succeeded in implementing what we regarded to be the first stage of our ambitious growth plans; scaling our longstanding core business to a much wider audience across multiple offices, whilst proving the concept that through integration and ambition, we can provide a positive and inclusive environment for our team to develop and promote high standards of advice to clients. In considering the next phase for the business, it was essential that we could find an investor completely aligned to our focus on providing high quality advice and solutions to clients for the long term, whilst also recognising the opportunities that arise from significant regulatory and technological change. I am thankful to the team in CSW for their hard work, adaptability and enthusiasm and as I look forward to starting my third decade with the business, I am extremely excited about the opportunities ahead.”

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Notes to Editors:

Press contact

Jenette Greenwood, PR Director, the lang cat

07710 392303 / jenette@langcatfinancial.com

About the Quanta Group  

The Quanta Group is a next-generation financial services Group, responsible for assets under advice of around £16bn and over 77,000 clients across platform, DFM and advice.

Platforms Wealthtime and Wealthtime Classic are aimed solely at financial advisers and combine a smarter technology experience with people-centric service.

Copia Capital, the discretionary fund management arm of the Group, works exclusively with advisers to provide a range of managed portfolio services. These include its MPS Custom service, offering customised portfolios to advisers which are constructed to meet the adviser’s retail clients’ needs; its ‘ready to go’ MPS portfolio products; and the added-value MPS Plus range.  

Craven Street Wealth is an award-winning independent Chartered financial planning and wealth management firm with offices in London and across the south of England.

The Quanta Group is owned by AnaCap Financial Partners, a market-leading private equity firm which specialises in financial services.