- Verso is a leading UK wealth management group and FT Adviser’s UK Financial Advice Firm of the Year;
- With £2.75bn of assets under management and an established national footprint, the group has completed eight acquisitions to date;
- The £4m loan from OakNorth will support Verso’s acquisition strategy of leading IFA firms across the UK;
- The UK’s financial advisory sector is set to grow at a compound annual growth rate (CAGR) of 2.4% from 2025-30, driven by more complex pension and tax rules, an ageing population and digital transformation[1].
London, 12th January, 2026: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an £4m RCF to leading UK wealth and investment management group, Verso.
Formed in 2021 with backing from specialist private equity firm, Cairngorm Capital Partners, Verso has built a national wealth management group combining financial advice and discretionary investment management. The group has grown rapidly through a disciplined buy-and-build strategy, completing nine acquisitions to date and establishing a strong regional presence across the UK. Today, Verso manages approximately £2.75bn of client assets and benefits from a recurring revenue model, with more than 80% of income generated from ongoing advisory and investment management services, providing a stable and scalable foundation for continued growth.
The £4m RCF from OakNorth will support Verso’s working capital needs as it continues to execute its disciplined buy-and-build strategy, acquiring high-quality IFA firms that align with its client-centric, proposition.
Alan Mathewson, CEO of Verso, commented on the transaction: “Verso has been built to provide advisers and clients with a modern, integrated wealth management platform that delivers both
scale and personal service. OakNorth’s flexible approach and deep understanding of the wealth management and professional services sector make them a strong partner as we continue to selectively grow through acquisition. This facility provides additional capacity to support our long-term strategy while maintaining a prudent capital structure.”
Stuart Blair, Senior Director of Debt Finance at OakNorth, added: “The UK financial advisory sector continues to benefit from strong structural tailwinds, with industry forecasts pointing to growth of around 2.4% per annum through to 2030. Verso is well positioned to capitalise on this demand through its vertically integrated model, strong recurring revenues and proven acquisition strategy, and we’re delighted to support the business with flexible funding as it continues to scale. The group’s experienced management team and disciplined approach to integration further underpin its ability to grow sustainably while maintaining a high-quality client proposition.”
ENDS
Notes to editors
[1] Mordor Intel – United Kingdom Financial Advisory Market Analysis by Mordor Intelligence
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £5m-£100m in revenue), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $18bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 61,000 jobs, and over 38,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
For press inquiries, please email: [email protected]
About Verso
Verso Group is a national financial planning and investment group. Verso blends the expertise of its client advisers with the skills of its highly accomplished investment team to provide high-quality investment solutions that address clients’ specific financial goals. Awarded FT Adviser’s UK financial advice firm of the year, Verso is a Corporate Chartered Financial Planner (Chartered Insurance Institute) and an Accredited Financial Planning Firm™ (Chartered Institute for Securities & Investment), one of the few financial planning firms to hold both professional accreditations, which are the hallmark of professional excellence. The firm operates from seven locations across the UK and provides advice on assets exceeding £2.75 billion.