Marlborough invests in South Africa-headquartered IFA firm Carrick Wealth

The minority stake represents Marlborough’s first investment in South Africa and the broader African advice market.

Carrick Wealth was recently awarded Best Adviser Firm in South Africa in the International Adviser Best Practice Adviser Awards 2023, which were run in partnership with the Morningstar Wealth Platform. It was also Regional Winner for Africa for Excellence in Advisory Best Practice in the International Investment Awards 2023.

The firm, which has its headquarters in Cape Town, has an advisory presence across South Africa, Mauritius, Zimbabwe, Zambia, Namibia and Malawi.

Richard Goodall, CEO of Marlborough, said: “We’ve known Carrick for a long time and always been greatly impressed by the quality of the team. Like us, they have a strong entrepreneurial spirit, a commitment to delivering first-class outcomes for clients and that all important ‘can-do’ attitude.

“They have ambitious plans to expand the business across Africa and we’re strong believers in their ability to deliver, so we’re investing to support them. We won’t be trying to change anything. We’re investing to share in the success of what we believe is an exceptional business.

“We’re working with a growing number of adviser firms in the UK and internationally and we’re always looking for opportunities to partner with high-calibre businesses like Carrick Wealth.”

Craig Featherby, CEO of Carrick Wealth, said: “Together, our two award-winning firms will focus on opportunities for growth, enhancing support and technologies to wealth managers and achieving superior investment outcomes for Carrick clients.

“Furthermore, the partnership allows Carrick to pursue its expansion plans across Africa, most notably in Botswana, Kenya and Nigeria.”

You can read the Investment International article here

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