Birketts assists on sale of leading financial planning software provider

20 January 2021

Birketts has assisted in the sale of leading financial planning software provider, Time4Advice, to IntegraFin Holdings PLC (IntegraFin), the parent company of Transact, one of the largest independent wrap platforms in the UK. IntegraFin, which is listed on the LSE have purchased 100% of Time4Advice’s share capital for an undisclosed sum.

Time4Advice provides digital transformation software for financial planning and wealth management firms. Its Microsoft based solution is the most modern financial advice solution in the market and unifies a firm’s entire business including CRM, advice and servicing, and back-office. Founded in 2010 and based in Norwich, Time4Advice has 40 staff. However, the acquisition will enable the rapid expansion of its team.

Time4Advice will remain as a separate legal entity and retain its distinct brand. Co-founders Roland Rawicz-Szczerbo and Mitchell Philpott will both remain with the company. The investment will enable Time4Advice to accelerate the expansion of its proposition. As a result, Time4Advice clients will see more and improved functionality from its software sooner.

Birketts’ team was led by Partner Greg Allan and Solicitor Nicola Heywood with support from Jack Shreeve, and Sam Varney (Corporate), Catherine Hepworth (Employment) and Ben Clarke (Tax).

Roland Rawicz-Szczerbo, Co-founder and Director of Time4Advice, commented: “We are delighted to join the IntegraFin brand and look forward to the opportunity to develop our technical offering and grow our reach within the financial planning and wealth management sector. Special thanks go to Birketts, whose depth of resource, pragmatism and commercial acumen steered us smoothly through a complex transaction.”

Fellow Co-founder and MD of Time4Advice, Mitchell Philpott, added: “Birketts did a fantastic job in bringing this deal to a close - their knowledge of the market was evident. They were able to deliver a complex transaction smoothly and were a pleasure to deal with from start to finish. I would not hesitate to recommend the team and look forward to working with them again in the future.”

Greg Allan, Partner at Birketts, concluded: “The acquisition of Time4Advice by IntegraFin is a particularly astute move in the current climate. With the need for digital efficiency accelerating rapidly as a result of the pandemic, clients and industry insiders alike are set to benefit enormously from the combined technical expertise IntegraFin and Time4Advice will now be able to offer. We have no doubt the company will reach further heights of commercial success in the near future. It was also a delight working with Mitchell, Roland and the team at Time4Advice on what should continue to be a fantastic journey for them.”