Tim Yule
Mason Stevens is pleased to announce that it will complete its acquisition by Australian private equity firm Adamantem Capital.
The partnership marks the beginning of an exciting new chapter for the wealth management platform as it looks to accelerate its growth strategy and capitalise on Australia’s rapidly growing High Net Worth sector.
With the backing of Adamantem Capital, Mason Stevens will increase and accelerate investment in its integrated wealth platform and services for wealth practices, focusing on innovations that enhance the client experience, improve efficiency, and support scalable growth.
“Our partnership with Adamantem is a pivotal moment in Mason Stevens’ history and will enable us to fast-track our vision of delivering more advanced investment solutions and growing our client base,” said Tim Yule, CEO of Mason Stevens.
“Against a backdrop of rapid growth in the wealth management sector, we provide unique solutions that offer Financial Advisers the ability to think differently about how they grow wealth for their clients.”
“We look forward to working with the Adamantem team to build on the strong foundations we’ve established and continue to deliver superior results for existing and new clients.”
Mason Stevens has experienced a strong growth trajectory since it was founded in 2010.
Since the beginning of FY22, the business has had 57% growth in Funds Under Administration (FUA) and now manages circa $8 billion in FUA.
Georgina Varley, Managing Director at Adamantem Capital, said Mason Stevens is well-positioned to support clients in the growing wealth management industry.
“Mason Stevens has built an impressive platform and investment offering to help financial advisers deliver on their clients’ investment goals,” she said.
“The breadth and sophistication of what Mason Stevens offers is what attracted us as investors and we’re excited to support them in the next stage of the company’s journey.”
Adamantem Capital is a leading Australian private equity firm established in 2016, with more than A$2bn in funds under management.
The firm has a record of successfully scaling organisations across various sectors, including specialisation in B2B and professional services.
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