USA – Wealth at Work Group Limited, a London, UK-based specialist provider of workplace financial education, guidance and regulated financial advice for individuals, is to receive an investment from Aquiline Capital Partners.
The amount of the deal – whose closing is subject to the parties obtaining relevant regulatory approval – was not disclosed. The company intends to use the funds to continue to expand its business reach. Led by David Cassidy, Chief Executive Officer, Wealth at Work is a workplace specialist – providing financial education, guidance and regulated financial advice for individuals. Its services help employees make informed decisions to improve their financial wellbeing throughout their career and to maximise income at retirement. Its services are also available for Trustees to help their members fully understand their retirement income options and how to mitigate associated risks. The company employs approximately 250 people, works with over 450 private and public sector employers including Marks & Spencer, BT, Experian and the NHS, delivering financial wellbeing programes and retirement services.Since its 2015, Wealth at Work has been backed by Equistone Partners Europe. Following the close of this investment, the company will continue to be led by CEO David Cassidy, and the management team will retain a significant equity stake. Equistone will retain a minority stake in the company alongside Aquiline and management.01/06/2021
