The Wealth at Work group based in Liverpool has secured further investment from private equity house Aquiline Capital Partners (a private investment firm based in New York and London with $6.1 billion in assets under management) to support its continued growth.*
The group was established in 2005 and is headquartered in central Liverpool but also has offices in Bristol where together they employ almost 250 people. They work with over 450 private and public sector employers including Marks & Spencer, BT and Experian and the NHS and Local Authorities delivering financial wellbeing programmes and retirement services.
In light of the growth in organisations implementing financial wellbeing strategies and the introduction of pension freedoms in 2015, the Wealth at Work group has achieved rapid growth to meet the significant demand for its services of; financial education, guidance and regulated financial advice which are now offered to over a million employees across various organisations.
The technology-driven service is uniquely tailored to each client’s requirements through a complete suite of services ranging from seminars and digital tools such as the Financial Healthcheck through to virtual or telephone guidance services and regulated financial advice.
David Cassidy, Chief Executive Officer of the Wealth at Work group, comments, “This new significant investment will allow us to continue to grow and meet the rapidly increasing demand for our services which are used by a number of the largest companies and organisations in the UK. It will also support the delivery of our growth plans and ensure our services continuously develop as we invest in technology, bringing good job opportunities for many in the region”.
*Closing of the investment is subject to obtaining relevant regulatory approval.