SEE ALL INVESTMENTS WEALTH at work WEALTH at work is a financial education and discretionary wealth management services provider. Founded in Liverpool in 2004, WEALTH at work provides financial education seminars to employees of corporate and public sector institutions on topics such as pension planning and share schemes. Subsequently, employees can request personal financial advice from WEALTH at work’s team of regulated financial advisers, with a proportion then going on to invest into its discretionary managed funds service. WEALTH at work’s revenue is largely generated through annual management fees from assets under management (AUM). Due to the success of its unique business model, AUM have more than quadrupled over the past five years to £2bn in 2021, with close to £400m of new AUM generated per annum. Equistone originally acquired a majority stake in WEALTH at work in August 2015, through its Fund V. During Fund V’s hold period, WEALTH at work completed two build-up acquisitions: Life Academy in September 2015 and Affinity, a nationwide provider of financial education and advice services, which was supported by Equistone and facilitated WEALTH at work’s entry into the public sector in May 2016. Additionally, the business launched its MyWealth service, which is a hybrid online automated/one-to-one guidance service aimed at employees with smaller investment requirements. In September 2021, Equistone exited its Fund V investment in WEALTH at work by way of a management buyout and acquired a minority stake, through its Fund VI, alongside the management team and majority investors, Aquiline Capital Partners. The Advisory Committees of each of Fund VI and Fund V approved Equistone’s management of the associated conflict of interest before the transaction was agreed. INVESTMENT DATE Sep 2021 COUNTRY UK BUSINESS DESCRIPTION Financial Services REVENUE AT ACQ. £34m EMPLOYEES AT ACQ. 250 INVESTMENT TYPE Secondary MBO Equistone has a successful track record of investing in financial services businesses in the UK and internationally and we look forward to remaining involved in this next phase of the company’s development. Dominic Geer, Senior Partner, Equistone EQUISTONE TEAM Steve O’Hare Senior Partner // Country Head London & Manchester Dominic Geer Senior Partner London Isabella Boman-Flavell Investment Manager London RELATED PRESS RELEASES Equistone-backed Wealth at Work Announces Investment from Aquiline Capital Partners 01 Jun 2021 Equistone-backed WEALTH at work continues expansion plans with the acquisition of the Affinity group of companies 23 May 2016 Equistone backs WEALTH at work in £50m buyout 12 Aug 2015 ADD-ON ACQUISITIONS Affinity (The Farleigh Group Ltd)May 2016 Life Academy (UK)Sep 2015 CONTACT US AMSTERDAM BIRMINGHAM LONDON MANCHESTER MUNICH PARIS ZURICH PRINT PAGE DISCLAIMER PRIVACY POLICY MODERN SLAVERY ACT INVESTOR LOGIN Equistone Partners Europe Limited is authorised and regulated by The Financial Conduct Authority. © EQUISTONE PARTNERS EUROPE