One Point Advisory Services (“One Point”) provides strategic guidance and support to Regional Champion accounting and independent financial adviser (“IFA”) firms across the United Kingdom.
As part of a recent refinancing, One Point welcomes Summit, a global growth-focused investor, to support the investment into even more Regional Champions.
Cow Corner will continue to lead the investment, working closely with the partners of each firm to help them grow in their region. The new funding will support One Point’s strategy to partner with or acquire like-minded regional service providers in the accounting and IFA markets, helping those firms maintain their independence while enhancing their capabilities and expanding their reach.
One Point provides a long term, stable ownership model for operators of regionally focused accounting firms and IFAs, allowing partner firms to grow in their local markets without requiring simultaneous exits or necessitating integration into a national consolidator. Today, the One Point platform serves over 25,000 clients, and advises over £2bn of client money through partner firms such as Galloways, Mitchell Charlesworth, Pierce and Pembroke.
In a market where attracting and retaining the best people is the key to long term organic growth, One Point supports the local teams to invest in recruitment of staff, create opportunities for the existing team to grow and develop, and invest in technology to drive efficiencies. The ambition is to be the largest, fastest growing and happiest SME focused accounting or IFA firm in the locality.
Our belief is that most SME clients do not care about global or national resource – they want One Point of contact locally who can support all of their business advisory needs. Many partners of Regional Champions would also prefer to stay partners of the local firm rather than become part of a national consolidator. One Point helps to maintain that local ownership model, unlocking value for the existing partners, supporting succession and enabling incentivisation of newer partners and the partners of the future.
About One Point Advisory Services
One Point Advisory Services supports Regional Champion accountants and IFAs who want to preserve their independence as leading firms in their local market rather than becoming part of a national firm.
It has invested in and supported Galloways since 2018 and Pembroke since 2019, making it one of the longest standing investors in the accounting and IFA industries. This long-term approach is designed to mirror that of the partners, staff and clients. It takes the benefits of making long term growth decisions while removing the barriers to investment that the LLP partnership model can bring. Find out more here: One Point
About Cow Corner
Cow Corner is an investment business that partners with services and software businesses in the UK. These investments are typically knowledge-based businesses including professional services, IT, software, education and training and specialist business services. The Cow Corner Partners combine years of investment experience with years of operational experience and know-how to help accelerate growth. The investment approach is designed to remove some of the traditional areas of friction and misalignment that has become standard in the industry. For more information, please see: Meet the founders letter
About Summit Partners
Summit Partners is a leading growth-focused investment firm. Summit invests across growth sectors of the economy and, since the firm’s founding in 1984, has invested in more than 550 companies in technology, healthcare and other growth industries. These companies have completed more than 175 public equity offerings, and more than 250 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide. For more information, please see www.summitpartners.com or follow on LinkedIn.