Lumin Wealth sells majority stake to Swiss VZ group

Five-year plan

clock • 2 min read

Swiss financial services company VZ Group has acquired a majority stake in IFA Lumin Wealth and intends to acquire the remainder within five years.

Lumin, which has undergone a decade of growth, was founded by Martin Cotter and John Cusins in 2010, and today manages more than £600m in assets under management with over 40 employees. It has offices in St Albans and London. The collaboration marks VZ's first foothold in the UK financial advice market. Lumin's management said they are committed to developing the company further together with their new partners. Martin Cotter, managing director of Lumin, said: "We could not wish for a more formidable partner and take pride in VZ's endorsement. VZ's package of financial planning DNA...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Advice firm declared failed by FSCS over SIPP advice

Advice firm declared failed by FSCS over SIPP advice

One claim upheld so far against Charthouse Asset Management

Isabel Baxter
clock 12 November 2024 • 1 min read
FCA warns of Rosemount clone

FCA warns of Rosemount clone

Fraudsters targeting individuals, FCA states

Isabel Baxter
clock 11 November 2024 • 1 min read
Titan Wealth wins confidential information and harassment case against ex-employee

Titan Wealth wins confidential information and harassment case against ex-employee

Former staff member circulated confidential documents and offensive messages, judge finds

Jen Frost
clock 07 November 2024 • 5 min read