Cambridge Partners Welcomes New Shareholder, Consilium

stephen ambler part of cambridge partners

A major new shareholder for Cambridge Partners will strengthen the company for the long term and encourage greater innovation in its services, according to Board Chair, Paul Munro.

The independent financial advice and wealth management firm has accepted an offer from financial solutions company, Consilium to purchase a 35 per cent stake in the company from its founding shareholders. The move establishes a succession strategy for Cambridge Partners’ four founding members as well as a pathway for future shareholders.

Cambridge Partners Board Chair Paul Munro says the transaction is an exciting development for the firm.

“We are delighted to welcome Consilium as a major shareholder. The company shares our values for independent advisory services and is in a great position to provide innovative perspectives that will further enhance the services we offer our clients.”

“Since forming through the merger of two long-established independent Christchurch financial advisory firms in 2017, we have been considering our succession plan so that clients can have confidence in the long-term future of our firm. When Consilium approached us with this offer, we were very impressed with their expertise and the benefits this arrangement will have for our clients. This is an exciting step for Cambridge Partners, and we’re excited to welcome Consilium to the table.”

Consilium, founded in 2012, provides financial advice and products to independent financial advisory companies in New Zealand and overseas.

The transaction sees Consilium Board Chair, Stephen Ambler, joining the Cambridge Partners Board.

Ambler says the decision to purchase shares in Cambridge Partners was an easy choice for Consilium.

“Cambridge Partners is a great company, and we have strongly aligned industry objectives. Through this transaction, we can work together to support long-term growth and champion independent financial advice for our clients. We’re very proud to come on board.”

The transaction does not impact Cambridge Partners’ or Consilium’s day-to-day operations or client relationships, and both companies remain independent.

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