The boom in the number of adviser consolidators over the past few years will have escaped no-one – with a 50% rise in the number of mergers and acquisitions in the market during 2021 alone.
Alongside established firms who have continued to acquire businesses, the market has also seen the emergence of new ‘start-up’ consolidators looking to create a new standard of efficiency and unified experience across the companies that they acquire.
There’s no better example than Radiant. Chaired by Peter Mann (former CEO of Skandia and vice-chairman of Old Mutual Wealth) and led by Simon Cogman-Hellier, Radiant launched into the market at the end of 2020, with £800m of assets under management and 20 advisers in its ranks.
The business also recently appointed Minesh Gajjar, whose background includes global discretionary portfolio management at HSBC, as CIO to build up Radiant’s investment management arm.
Over the last few months, we’ve been working behind the scenes with Radiant on the launch of Radiant Platform Management (RPM) – its own bespoke platform, powered by Seccl.
The platform has been designed to provide a modern, cost-effective and holistic way for clients to manage multiple investment accounts under one umbrella – and will be crucial in allowing Radiant to efficiently consolidate its technology onto a single, hard-working and cutting-edge technology stack.
RPM: a more holistic user experience
Radiant’s new proposition has been specifically designed to create a more unified user experience. Users will benefit from increased visibility of their accounts, with consolidated information designed with simplicity in mind.
Plus, thanks to our fully paperless technology, end customers will enjoy a far more streamlined investment process, allowing them to track their financial goals with ease.
“The launch of our own platform is entirely aligned to our Company’s culture and client focus, in allowing advisors to spend more time doing what they do best – advising on financial portfolios rather than trawling through unnecessary paperwork and processes", explained Simon Cogman-Hellier, CEO of Radiant Financial Group.
“This platform will allow our clients to seamlessly manage all of their assets, while maximising the efficiency and effectiveness of our advisers", added Krys Wojnarowicz, Managing Director of Radiant Platform Management.
Radiant Platform Management will be rolled out gradually to existing Radiant clients, before opening up to the wider market.
How we’re working together
Together we have created a platform that is modern, paperless and one with efficiency at its core, meaning Radiant can now provide a cost-effective platform with streamlined functionality to its client base.
According to Wojnarowicz, “working with Seccl, our trusted partner for this project, has been invaluable. The quality, strength and vison of the team there has enabled us to create a best-of-breed proposition and provides us with vast opportunity to continue to develop our product in the future.”
From my perspective, with the market trend towards consolidation continuing at pace, Radiant’s move to launch its own platform will be instrumental in helping it to control its overall client experience and offer a market-leading level of service – not to mention generate crucial efficiencies that will stand it in good stead as it accelerates its growth.
We’re delighted that Seccl has been chosen to help power its modern, paperless and hyper-efficient platform – and look forward to seeing how it can help advisers and clients alike.