Former Old Mutual vice-chairman and Skandia CEO Peter Mann has launched a new IFA firm consolidator, Radiant Financial Group, with insurance industry heavyweight Simon Cogman-Hellier.

The foundation businesses of the Radiant Financial Group are CWB, PPS and ReSource Mortgages.

The group plans to grow organically and through the acquisition of IFA businesses.

Radiant’s growth strategy will be based primarily on finding companies with a shared culture and vision to join the group – a culture of “creativity, innovation, integrity and collaboration”.

The firm was established with the backing of Apiary Capital as well as investment from the management team.

Radiant currently consists of 20 advisers with £800m of assets under management.

Simon Cogman-Hellier, CEO of Radiant Financial Group, said: “I am delighted to announce the launch of Radiant Financial Group today, and to be able to share our growth ambitions with the industry. We believe our intention to build a group based around a shared culture and vision is unique, and the team and I are excited to welcome others into our growing family.

“Our existing group businesses are known for their very high quality of service, prowess in winning new business and client focus. We believe at the core this is thanks to the fact we are all driven by a shared mindset and purpose.

“Our industry remains fragmented and the launch of Radiant represents an opportunity for like-minded individuals to become part of something special, allowing them to remove the regulatory and admin burden whilst continuing to work in an open, positive environment, focused on doing the right thing by their clients. 

“We have put together a very high quality and experienced management team to lead this growth and I am excited by what we have the potential to achieve.”