Dolfin, a UK-based investment firm, has acquired a significant equity stake in Alexander House Financial Services (AHFS), an appointed representative of UK’s financial advice distributor Intrinsic.
The size of the stake or the financial terms of the transaction were not disclosed.
AHFS, a UK-based independent financial adviser, offers advice on protection, pensions, investments, and mortgage products to corporates, professionals, and individuals.
Under the agreement, Dolfin will offer AHFS investment capital to support its business development initiatives such as client acquisition, marketing, ongoing innovation as well as technological improvements.
Additionally, AHFS can leverage Dolfin’s asset management capability in the global and institutional markets.
Dolfin noted that the collaboration with AHFS reflects its broader focus of enabling advisers to strengthen their client propositions through the use of “market-leading infrastructure and services”.
Dolfin CEO Denis Nagy said: “Alexander House is one of the UK’s top financial advisers, and its talented team, under Nick Kelly’s entrepreneurial leadership, offers a diverse range of services and a transparent fee structure.
“It is a highly respected business and we are excited about this mutually beneficial strategic partnership.”
AHFS founder and CEO Nick Kelly added: “Dolfin’s technology-driven approach will allow us to expand our offering and deliver an enhanced service to our clients. Dolfin is a true strategic partner and we intend to explore closer collaboration as our relationship develops.”