Kinrock building group of companies focused on professional education
Redmill Advance is delighted to announce its acquisition by Kinrock on the 31st August 2022 for an undisclosed sum. Redmill Advance has grown to become a market leading provider of regulatory qualification training and continued professional development services to the UK wealth management industry. Its client list includes some of the leading wealth management firms in the UK, such as St James’s Place Wealth Management, Brown Shipley, Tavistock Investments PLC, and deVere to name a few.
Redmill Advance’s programmes are delivered to clients’ employees via a learning management system (LMS) and include reading materials, videos, e-learning content, assessments, and exams. Its extensive content library not only supports employees with their regulatory exams but also includes content to help develop the hard and soft skills and behaviours required to excel in their roles more broadly. At the same time, the LMS allows clients the flexibility and freedom to upload, create and deliver internal training and other content, such content related to company culture, company mission or internal procedures.
Separate from the digital content library, Redmill Advance’s wider corporate proposition also includes supporting businesses via live webinar academies supporting hundreds of new industry entrants each year, getting them qualified, and transitioning them into the workplace. Whilst predominantly a B2B provider, the company also services the B2C market.
David Tait, founder of Redmill Advance, has taken an ownership stake in Kinrock as part of the deal and continues to be involved in the business. Tait will also continue as a strategic advisor to Kinrock as the business seeks further acquisitions as part of its own strategic growth plans.
David Tait, founder of Redmill Advance, commented:
“Redmill Advance has gone from strength to strength over the years. Our client base has grown to include some of the largest wealth and asset management organisations in the UK and internationally. The acquisition of Redmill Advance by Kinrock marks a significant milestone in our company’s development and provides an opportunity to scale and grow the business across product, technology and people quickly and effectively, all of which will provide significant added value to our clients. Kinrock, led by Alex Arapoglou share many of our own values, we believe in their vision and I look forward to watching the business thrive under new stewardship as I work closely with Alex on the next chapter of the company’s evolution.
Alex Arapoglou, director of Kinrock commented:
“David’s leadership and uncompromising commitment to client satisfaction have ensured that Redmill Advance provides truly first-class training and development services to its impressive list of clients. With his continued guidance, we are excited to steward the business into its next chapter of growth, focusing on the needs of our clients and the wider industry. The company’s mission is to empower wealth management professionals to develop their skills, grow as professionals and, ultimately, provide the highest-quality-possible wealth management and planning services to households in the UK and abroad.”