Swedish-owned Söderberg & Partners has taken a 30% stake in Financial Planning firm Murphy Wealth, its first Scottish investment.

Söderberg has taken numerous minority stakes in UK wealth managers and Financial Planning firms in recent times.

In January it announced it had taken stakes in three more UK Financial Planners. It invested in South West-based Francis Clark Financial Planning, Croydon-based Chartered Financial Planner Qi Financial Solutions Ltd and Radcliffe & Co Independent Financial Advisers, based in Southampton.

Glasgow-based Murphy Wealth says the investment, for an undisclosed sum, will help it accelerate growth while “preserving independence and leadership continuity.”

Murphy Wealth says the deal will also allow it to expand its trademarked ‘Human-First’ Financial Planning approach to a wider audience. Murphy Wealth will also use the investment to expand its use of technology, including AI and machine learning.

Söderberg & Partners will operate as a long-term minority investor, providing capital, expertise, and technology without getting involved in the day-to-day running of its partner firms, according to Murphy Wealth. However, as part of the partnership, a Söderberg representative will join the Murphy board while operational control will remain with CEO Adrian Murphy and his team.

Murphy Wealth CEO Adrian Murphy said: “This is the biggest step our firm has ever taken. My father started this business 50 years ago, and I’ve spent 20+ years building it – this investment is about securing its future as an independent company, expanding our reach, and ensuring we remain at the forefront of Financial Planning for decades to come.

“Technology is one of the biggest challenges in wealth management today, and Söderberg & Partners have been investing in AI and machine learning for years. Their expertise will free up our advisers to spend more time with clients, develop our team faster, and future-proof our business.

“The fact that Söderberg has chosen Murphy Wealth as their first investment in Scotland is a testament to the work we have done over the years. This is about continuity, stability, and security – ensuring that we can compete with anyone at any scale while staying true to what makes us different.

“They’re investing in people, not looking to run Financial Planning firms. They believe in our vision, our clients, and our brand – and they want to help us take it to the next level.”

Söderberg & Partners manages over £85 billion in assets and has invested in 100 firms across Scandinavia and 25 in the UK.

Gustaf Rentzhog, chief executive Officer at Söderberg & Partners, said: “We are thrilled to have made an investment in Murphy Wealth, recognising the great potential in the business. Murphy Wealth boasts strong, longstanding client relationships and outstanding service which leaves it well placed to grow in a competitive advice space. We are excited to see how we can support the firm in the future as partners.”