Adviser training provider Redmill Advance has been acquired by education firm consolidator Kinrock for an undisclosed sum.
Redmill offers regulatory qualification training and professional development to financial advisers and wealth managers.
Clients include St James’s Place, Brown Shipley, Tavistock Investments and deVere.
David Tait, founder of Redmill Advance, has taken an ownership stake in Kinrock as part of the deal and will remain with the firm. Mr Tait will also continue as a strategic advisor to Kinrock.
He said: “The acquisition of Redmill Advance by Kinrock marks a significant milestone in our company’s development and provides an opportunity to scale and grow the business across product, technology and people quickly and effectively, all of which will provide significant added value to our clients.
“Kinrock, led by Alex Arapoglou, shares many of our own values. We believe in their vision and I look forward to watching the business thrive under new stewardship as I work closely with Alex on the next chapter of the company’s evolution.”
Alex Arapoglou, director of Kinrock, said: “David’s leadership and uncompromising commitment to client satisfaction have ensured that Redmill Advance provides truly first-class training and development services to its impressive list of clients. With his continued guidance, we are excited to steward the business into its next chapter of growth, focusing on the needs of our clients and the wider industry.
“The company’s mission is to empower wealth management professionals to develop their skills, grow as professionals and, ultimately, provide the highest-quality-possible wealth management and planning services to households in the UK and abroad.”
Redmill Advance is a learning provider and e-learning specialist offering CII and CISI exam, behavioural and soft-skills support. It also offers other learning including compliance, HR, foundation and leadership.
Kinrock is a consolidator of professional education, development and training businesses.
