Firenze Group (“Firenze”) and Third Financial (“Third Financial”), part of the Nucleus Group, have delivered a multi-million-pound Lombard lending facility for the client of a UK-based boutique wealth manager. The facility enabled the borrower to release liquidity from their investment portfolio to strategically aid their estate planning.
The borrower, an Executive of a UK company, held a substantial investment portfolio but sought access to liquidity without selling assets, triggering CGT, or transferring custody. Through the partnership between Firenze, who are providing the lending capability, and Third Financial, as the technology and platform provider the client was able to benefit from a tailored investment-backed loan that is now operational.
This enabled the client to unlock millions of pounds of liquidity, while reducing the value of their estate for intergenerational planning, and retaining their investment holdings, supported by an innovative, integrated digital lending solution.
Traditionally, such investment-backed (“Lombard”) loans have been the preserve of private banking clients. Combining Firenze’s embedded Lombard lending solution, Third Financial’s proprietary, investment platform and bespoke wealth management expertise, this transaction marks a new chapter of financial planning sophistication and accessibility.
Firenze has positioned itself as a pioneer in democratising Lombard lending beyond the exclusivity of private banks and to make such facilities available to clients with portfolios starting significantly below the historical private bank minimums.
Their proposition enables wealth managers and advisers to offer investment-backed loans to clients without moving custody or disrupting investment strategies. Their digital solution enables access to cash in days at competitive rates.
David Newman, CEO of Firenze said:
“Working with Third Financial has enabled us to deliver a truly differentiated liquidity solution. We’re proud to support clients who need intelligent loan solutions and technology partners like Third with whom we can integrate seamlessly, sharing a vision for innovation and providing the market with a holistic wealth management solution.”
Ricky Ali, Commercial Director of Third Financial said:
“We’re thrilled that through our collaborative partnership with Firenze, our proprietary technology has enabled the offering of such a unique solution, allowing clients to plan financially for their future.”
The future – What this means for the market
It is anticipated that this initial flagship facility is the first of many as wealth managers seek to deepen client relationships, provide value beyond investment management and offer innovative planning solutions.
With Firenze’s mission to take Lombard lending out of private-bank exclusivity, and Third Financial’s capability to support digital, client-centric wealth operations, this partnership demonstrates how full-service liquidity and planning solutions can be delivered to sophisticated clients.
Thanks to the partnership between Firenze and Third Financial, the door has opened wider for bespoke planning across the intergenerational wealth cycle.