Octopus in talks to back 5 advice firms with funding and tech support
- On June 8, 2022
- By GrowthInvest Marketing
Octopus Group is in “advanced” discussions with up to five advice firms looking to join its new business Adviser Accelerator, which includes access to growth capital and technology from across the group.
The accelerator will be funded by Octopus Capital, but the group is still in the process of allocating a pot of cash.
“We’re not raising a fund,” Daniel Marsh, head of Adviser Accelerator told FTAdviser.
Similar to how it invests in Seccl, a firm it acquired for £10mn in 2019 which allows advisers to own their platform technology, Octopus plans to drip feed funding into advice firms as and when they need it.
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