Corbel Partners acquires Wealth Design Holdings

Corbel Partners has announced the acquisition of Midlands-based advisory practice Wealth Design Holdings.

To aid the deal, Shawbrook has provided Corbel with an initial debt facility to support its initial acquisition.

The debt facility provided by Shawbrook will also see Corbel invest in new technology to modernise its onboarding and advisory processes for clients.

The company has worked closely with Wealth Design for several years and the acquisition is seen as a natural progression of its business relationship.

David O’Hara, director and co-founder, Corbel Partners said: “From day one, Shawbrook has been fantastic and acted as a natural extension of our team. At Corbel, we have ambitious plans for our future growth and business expansion which the team supported us with extensively – from financial modelling and compliance, to structuring a facility which closely aligned with our ambitions.

“We’ve been incredibly impressed with the work Shawbrook has put in to make this deal happen, who went above and beyond to ensure nothing was left unchecked.”

Daniel Martin, senior director at Shawbrook, added: “Having now supported several financial advice businesses in our time, we were immediately impressed with the potential of Corbel that David and Paul presented to us.

“There is a significant transition of wealth taking place across the IFA industry, which advisors need significant support to effectively manage. Corbel is uniquely placed to provide this support, and we look forward to further seeing their growth in the years to come.”

Initially starting as a traditional IFA practice, Corbel Partners was founded in 2004 by co-founders and directors David O’Hara and Paul Heath.

Its support services assist advisers with anything from compliance support and paraplanning, to full business support and technical training.