Fidelius has acquired a minority stake in London-based advice firm Vobis Ltd as it looks to expand its footprint in the high-net-worth space.
Vobis, which manages over £140m in client assets, specialises in financial planning for high-net-worth individuals and operates a joint venture with a top 60 accountancy practice in central London.
The firm also has a regional office in Leeds, providing Fidelius with broader reach across both the south and north of England.
The deal marks the first investment by Fidelius since Swedish wealth manager Söderberg & Partners took a minority stake in the business at the start of 2024.
It forms part of Fidelius’s wider growth strategy, which aims to double its assets under management by 2029 and become one of the top 20 IFAs by size.
Fidelius said it would support Vobis’s growth ambitions by enhancing technological efficiency and operational productivity, while maintaining a non-controlling position in the business.
Vobis chief executive Richard Stott, who has led the firm since 2019, will remain in his role.
Stott said: “Vobis is ready to expand, and we recognised that the business would benefit greatly from a partner like Fidelius to invest in our capabilities and infrastructure and help us move to the next phase of growth.”
Ian Fowler, chief executive at Fidelius, added: “We see incredible potential in Vobis, and we are delighted to have been able to partner with such a strong business. Vobis delivers outstanding customer service to both its London and Leeds-based high net worth client base, and we see the opportunity for significant growth in this space.”
Fidelius offers wealth management, mortgages, employee benefits, corporate advice and financial relocation support, operating out of Bath, Cheltenham, Chelmsford, London and Nottingham.
The firm rebranded earlier this year and has been actively pursuing both organic and acquisition-led growth.
