Hybrid advice start-up Aventur - founded by a former SJP partner and an ex-Fairstone IFA - has acquired South Woodford-based IFA JPSL Financial Services for an undisclosed sum.

The acquisition brings Aventur’s assets under management to over £130m.

The deal was completed on 6 April.

Former JPSL director and founder Louis English will remain with the firm as a Financial Planner and will take a seat on Aventur’s Investment Committee. Mr English founded JPSL in 2003.

Aventur said the acquisition was the first in a large pipeline of similar acquisitions and the beginning of an ambitious growth plan for the firm.

The hybrid advice firm was co-founded by Thomas Young and Stacey Body in April 2021.

Mr Young was formerly managing director and IFA at Essex-based advice firm Brindle House Financial Services. He also spent two years as operations manager and financial adviser at Quality Advisers, formerly a part of the Fairstone Group. Previous roles also include creating an outsourced Paraplanning business, Pure Paraplanning, initially designed for use by Charles Derby Advisers.

Mr Body has a background in investing in technology start-ups. Former roles include investment positions at Startup Giants and CEO of St James’ Place partner practice Chapter Place Associates. He is also the chairman of angel investment group The Lockheed Group.

Aventur combines traditional financial advice with education and automated machine learning to provide low-cost financial advice.