New wealth firm launches with acquisition of Edinburgh advice firm

Former Titan Wealth and Aspira CEO, Derek Miles, and ex-Fintel IQ CEO, Kyle Augustin, have launched a new wealth firm called Nine Edge Wealth with the acquisition of RMS Limited.

Nine Edge Wealth’s acquisition of the Edinburgh-based advice company, which has around £70m of assets under management (AUM), will provide it with immediate regulatory permissions and act as a launch pad for the new firm.

B.P. Marsh & Partners has invested in Nine Edge Wealth, acquiring a 30 per cent equity interest and providing a £5m loan facility to support its growth strategy, £1.75m of which was drawn at completion.

Nine Edge Wealth will focus on technology-first financial planning and advice by using advisers in tandem with technology-enabled processes.

It services include personal holistic lifestyle and wealth planning, investment solutions, ongoing advice and review, and workplace pensions and employee benefits.

Alongside its core services, Nine Edge Wealth plans to develop a range of complementary offerings, including tax advisory services, wills, executor services, and trusts.

The firm has commenced operations with offices in London and Edinburgh.

Nine Edge Wealth CEO, Derek Miles, and COO, Kyle Augustin, have been joined by Jo Blake, who was also previously at Titan Wealth, as chief marketing and distribution officer, and ex-England Rugby player, Matt Dawson, as non-executive director.

B.P. Marsh investment director, Oliver Bogue, has been appointed to the board of Nine Edge Wealth.

"We're incredibly proud to be launching Nine Edge Wealth with the support of B.P. Marsh, bringing together a team of talented professionals united by shared values and a genuine desire to improve how financial planning is delivered,” Miles commented.

“The advice sector is ready for change, to modernise the client experience and improve outcomes, as well as create an environment where our people feel proud of the service they provide."

B.P. Marsh CEO, Dan Topping, added: "We are pleased to support the launch of Nine Edge Wealth and to be working with Derek again, given his strong track record in building and exiting a successful financial planning business.

“The investment is consistent with our strategy of backing experienced management teams at an early stage and supporting them as they build high-quality financial services businesses."

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