Swedish wealth management group Söderberg & Partners has bought a minority 30% stake in Glasgow-based Murphy Wealth to “support the firm’s long-term growth and technological innovation while ensuring continuity for its clients.”

Söderberg & Partners, which manages over £85 billion in assets, has invested in 100 firms across Scandinavia and 25 in the UK, with Murphy Wealth being the first Scottish firm to partner with the Swedish group.

“Unlike traditional mergers or consolidations, Söderberg & Partners operates as a long-term minority investor, providing capital, expertise, and technology without interfering in the day-to-day running of its partner firms,” said Murphy Wealth.

“The partnership will allow Murphy Wealth to embed cutting-edge technology, including AI and machine learning, to enhance client service, reduce risk, and improve efficiency.”

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 …

“This is about the next 20 years for the business. We’ve navigated financial crises, pandemics, and everything in between, and this deal ensures that Murphy Wealth will be here for generations to come.”

As part of the investment, a Söderberg representative will join the Murohy Wealth board, but operational control remains with Adrian Murphy and his team.

Söderberg & Partners CEO Gustaf Rentzhog 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.”