Dolfin, the technology-led investment firm, has acquired a significant equity stake in Alexander House, which is an appointed representative of the UK’s largest distributor of financial advice, Intrinsic.
As part of the deal, the two firms have formed a strategic partnership. Dolfin will support Alexander House by providing investment capital to enhance the firm’s business development efforts, including its marketing, client acquisition, ongoing innovation and technological enhancements. Alexander House and its client base will make use of Dolfin’s asset management capability and experience in both the international and institutional markets.
Dolfin said that the partnership reflects its broader strategic focus of enabling professional financial advisers to enhance their client propositions through the use of market-leading infrastructure and services.
Denis Nagy, CEO of Dolfin, said: “Alexander House is one of the UK’s top financial advisers, and its talented team, under Nick Kelly’s entrepreneurial leadership, offers a diverse range of services and transparent fee structure. It is a highly respected business and we are excited about this mutually beneficial strategic partnership.”
Nick Kelly, founder and CEO of Alexander House, added: “Dolfin’s technology-driven approach will allow us to expand our offering and deliver an enhanced service to our clients. Dolfin is a true strategic partner and we intend to explore closer collaboration as our relationship develops.”
Last month, Alexander House announced that Steve Braidford would be joining its board as Managing Director. Braidford was a founding MD of Sandringham Financial Partners and brings a wealth of relevant experience to Alexander House.