Lumin Wealth sells majority stake to Swiss VZ group

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Swiss financial services company VZ Group has acquired a majority stake in IFA Lumin Wealth and intends to acquire the remainder within five years. Lumin, which has undergone a decade of growth, was founded by Martin Cotter and John Cusins in 2010, and today manages more than £600m in assets under management with over 40 employees. It has offices in St Albans and London. The collaboration marks VZ's first foothold in the UK financial advice market. Lumin's management said they are committed to developing the company further together with their new partners. Martin Cotter (pictur...