- B.P. Marsh & Partners
- 18 March 2026 11:58:07
Source: Sharecast
The AIM-traded investor said it had taken a 30% equity stake in newly established independent financial advice firm Nine Edge Wealth for nominal consideration and provided a £5m loan facility, of which £1.75m was drawn at completion.
As part of its launch, Nine Edge had acquired Edinburgh-based RMS Limited, which manages about £70m of client assets and provides an initial revenue base alongside regulatory permissions.
Nine Edge was founded by Derek Miles, former chief executive of Aspira Corporate Solutions, which he grew into a £4bn assets-under-advice business prior to its sale in 2024.
The new platform would reportedly offer financial planning services alongside complementary offerings including tax advisory, wills and trusts, and had started operations with offices in London and Edinburgh.
“We're incredibly proud to be launching Nine Edge Wealth with the support of BP Marsh, bringing together a team of talented professionals united by shared values and a genuine desire to improve how financial planning is delivered,” said Derek Miles.
BP Marsh chief executive Dan Topping added that the investment reflected the group’s approach of supporting experienced founders.
“We are pleased to support the launch of Nine Edge Wealth and to be working with Derek again, given his strong track record in building and exiting a successful financial planning business,” he said.
In a separate transaction, BP Marsh also invested in Ventura Risk Partners, a newly formed insurance broker focused on placing energy risks into the Lloyd’s and wider London markets.
The group had acquired a 25% equity interest in Ventura on a fully diluted basis for nominal consideration and provided a £2m loan facility.
Ventura had been founded by Alex Taylor, a former broker at JLT Group and Miller Insurance Services, and would target North American retail brokers seeking access to London market capacity.
The company aimed to capitalise on consolidation in the energy broking market by offering an independent, specialist placement platform.
“I am delighted to be launching Ventura Risk Partners with the backing of BP Marsh,” Alex Taylor said.
“Their long track record of supporting specialist insurance brokers at an early stage, while allowing management teams the independence to build high-quality businesses, made them an ideal partner for Ventura.”
Topping added that the investment was aligned with the group’s strategy.
“We are pleased to support the launch of Ventura Risk Partners and to back a specialist platform focused on placing North American energy risks within the Lloyd's and London markets.”
Both investments were consistent with BP Marsh’s model of taking minority stakes in early-stage financial services businesses while providing growth capital and strategic support to management teams.
At 1123 GMT, shares in BP Marsh & Partners were up 0.03% at 642.22p.
Reporting by Josh White for Sharecast.com.
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