Non-aligned financial services provider, Centrepoint Alliance, has acquired a strategic interest in RFE Group to further support the growth of professional advice firms.
Commenting on the acquisition, Centrepoint's managing director, John de Zwart said RFE had a strong team and a proven business model.
"By partnering with the financial and other resources of Centrepoint, we jointly felt we could accelerate growth," de Zwart said.
"Centrepoint sees a very exciting future for professional advice firms and we are prepared to support and invest in businesses seeking to grow."
RFE's business focuses on supporting accountants and mortgage brokers in providing wealth advice to their clients.
RFE chief executive, Peter Rheinberger, said: "We have a strong cultural alignment and logically they [Centrepoint] had the resources and appetite we needed to execute on our strategy".
"We have some big goals and the RFE team is excited to have Centrepoint's support to achieve them," he said.