Swedish wealth manager Söderberg & Partners has acquired a 30% minority stake in Glasgow financial adviser Murphy Wealth for an undisclosed sum.
A statement from Murphy said that the investment would support the firm’s long-term growth and technological innovation in AI and machine learning.
The investment in Murphy Wealth is part of Söderberg’s broader strategy of backing ambitious, client-focused financial planning firms across the UK and Scandinavia.
Adrian Murphy, Murphy Wealth CEO, said: “Technology is one of the biggest challenges in wealth management today, and Söderberg & Partners have been investing in AI and machine learning for years. Their expertise will free up our advisers to spend more time with clients, develop our team faster, and future-proof our business.”
Söderberg & Partners, which manages over £85 billion in assets, has invested in 100 firms across Scandinavia and 25 in the UK, with Murphy Wealth being the first Scottish firm to partner with them.
