Progeny acquires HNW-focused Chartered Planner agency



Monetary Planner {and professional} providers agency Progeny has acquired HNW-focused Chartered monetary recommendation agency Chartered Wealth Administration, pushing Progeny’s belongings beneath administration to £9bn.

The acquisition of the agency, which has workplaces in Manchester and London, is for an undisclosed sum.

Chartered Wealth Administration offers Monetary Planning and asset administration providers primarily to excessive web value purchasers.

 

Chartered has an skilled crew of 21, with 9 Chartered Monetary Planners and wealth managers.

Leeds-based Progeny made a number of acquisitions final 12 months together with in October the takeover of £600 AUM Scottish Chartered Monetary Planner agency Carbon Monetary Companions for an undisclosed sum. Earlier within the 12 months it acquired Nottingham-based Fiscal Engineers.

In April 2023 it acquired the Fry Group increasing the agency’s attain into worldwide territories for the primary time, including workplaces within the Center East, Asia and Europe.

Mark Stanbury, founding director of Chartered Wealth Administration, mentioned: “That is an thrilling day for our crew and our purchasers, as we be part of Progeny – a enterprise quickly rising in scale and profile.

“We sit up for being a part of this distinctive enterprise in addition to the mission to remodel and enhance monetary recommendation for the higher, for our purchasers and the business at massive.”

Progeny CEO Neil Moles mentioned: “It’s a pleasure to welcome such a prestigious and high-performing enterprise into Progeny, one which is forward-thinking and dedicated to excellence in equal measure.

“That is the end result of a five-year seek for the proper agency, one that can enable us to broaden into a brand new geography however which additionally crucially meets the strict standards we set for our acquisition targets round common consumer dimension and age, in addition to the age and ambition of the agency’s crew.”

“With Chartered Wealth Administration onboard, we sit up for constructing our presence and lengthening our proposition within the North West of England. There are thrilling occasions forward.”


 



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