RSM UK secures investment for leading Manchester wealth management company

RSM UK has advised Five Wealth Limited on successfully securing private equity funding from Foresight Group, with the investment supporting the company’s succession planning strategy and accelerating future growth plans. 

Founded in 2016, Five Wealth is a leading independent wealth management and financial planning company based in Manchester. The company was set up by directors Phillip Dewhurst, Chris Little, Philip Shaw, Stephen Hughes and Stephen Jordan, who make up its senior management team. In the last seven years, the team has grown to include eight advisers with a total of 27 staff members responsible for advising over 600 private and corporate clients across the North West and beyond.  

RSM’s team supported the company in identifying the investment partner (Foresight Group), negotiating the deal terms and project managing the deal through to completion. The funding secured will drive the company’s growth plans via acquisition and organically.

The RSM deal team was led by corporate finance director Rikesh Patel, with support from, corporate finance manager Ben Everson, associate Hallam Wilson and executive Austin Halewood. Ian Riggs led a team from Hill Dickinson who provided legal advice to Five Wealth, and Blears provided legal advice to Foresight Group. 

Rikesh Patel, corporate finance director at RSM, said: ‘We are thrilled to have supported Five Wealth throughout this transaction which results in the company securing funding and an investment partner to help its next stage of growth. It is an exciting time for the company, as it looks to expand in the coming years. With our team based predominantly in Manchester, this reflects our breadth of expertise and ability to deliver premium results for our clients in the middle market.’ 

Phil Shaw, managing director at Five Wealth, said: ‘We are delighted to be partnering with Foresight as we move into the next phase of our ambitious growth plans. The Five Wealth team, bolstered by the addition of Non-exec Chair, Tim Parsons and Finance Director, Jonathan Partington, is looking forward to helping an increasing number of individuals and their families to plan their future financial security.’

Matt McLoughlin, director at Foresight, commented: ‘Five Wealth has long-standing client relationships and a fantastic reputation for high quality service, which provide a great foundation for ongoing success. We look forward to working with Phil and the team during the next stage of Five Wealth’s growth story.’