Consilium exits Cambridge Partners shareholding

It has entered into an agreement to sell its stake to the financial advice firm’s Principals and Directors.

Consilium became a shareholder in Cambridge Partners in 2023 to support its succession planning and future growth.

Consilium’s newly appointed chief executive Louisa Yandle said investment in the firm was “transitionary capital”.

“(This) is representative of the support Consilium can provide to its clients.”

“From the outset, this investment was about supporting a thoughtful succession plan and long-term continuity. A buyout from the Principals and Directors is a natural next step,” she said.

“Consilium is dedicated to supporting independent advice firms, helping these businesses navigate succession planning is one way we can provide assistance that goes above and beyond,” Yandle said.

Cambridge Partners Chief Executive James Howard said the transaction supports the firm’s long-term focus.

“This is an important step in our evolution as an independent, client-first firm. Ownership within the business strengthens alignment and supports continuity for our clients and our team,” Howard said.

"We are extremely thankful for Consilium’s support in our succession planning and also for FirstCape’s continued support after acquiring Consilium last year" Howard said. "Consilium’s investment helped us thoughtfully navigate this transition, and we share a strong alignment in values and a client-first approach to what we do."

Despite the ownership change, Cambridge Partners will maintain its strategic relationship with Consilium, being a key provider of services to Cambridge Partners.

Co-founder Jacob Walt retired from the firm at the end of 2022.