J.C. Flowers Backs New Wealth Platform
Private equity firm J.C. Flowers & Co. has committed up to $200 million to launch Accelerated Wealth Partners. The new platform's strategy is to acquire and partner with select Registered Investment Advisors (RIAs), signaling a consolidation trend in the wealth management space.
The new platform is led by Founder & CEO Eric Amar, who previously served as Chief Growth Officer at industry giant Focus Financial Partners. During his decade at Focus, Amar led more than 60 transactions in the wealth advisory space, bringing direct experience in RIA acquisitions. The firm's Vice President of Finance, Jonathan Fass, also comes from Focus Financial Partners, where he spent over 15 years specializing in financial due diligence, valuation, and acquisition integration for wealth management deals. J.C. Flowers & Co. is a specialist private investment firm that has focused exclusively on the financial services industry since 1998. The firm has invested over $18 billion of capital in 67 companies across 18 countries, targeting subsectors like banking, insurance, and wealth management. This investment taps into a surging M&A market for RIAs, which is projected to hit record highs. Private equity is the decisive force, directly or indirectly influencing 79% of all transactions in the sector. The consolidation wave is driven by demographics, with 37% of RIA advisors expected to retire in the next decade. For 74% of firms, the need for a succession or exit strategy is a primary factor in deciding to join a larger platform. J.C. Flowers' investment strategy specifically targets sectors with consolidation opportunities and businesses with high recurring revenue. The firm looks for fundamentally strong businesses with the potential for transformative growth where its resources can make a significant impact.
