Progeny acquires wealth firms in Buckinghamshire and Sussex
Progeny Group, which combines financial planning, legal and asset management solutions for private clients, corporates, charities and family offices, has acquired Quest Financial Solutions and Juno Wealth Management.
Quest’s and Juno’s clients will now be able to benefit from the wider Progeny Group’s asset management, wealth planning and private and corporate legal services, offered with transparent costs. In line with Progeny’s ‘acquire to hire’ strategy, Quest and Juno’s management teams and their staff will join the Group.
These latest acquisitions, as well as the recent acquisition of Innovate Financial Planning in Edinburgh, will see Progeny’s national headcount double and increase the Group’s assets under advice. Assets under advice increased to over GBP1 billion for the first time with the acquisition of Evolve Financial Planning on 24 July 2018.
Neil Moles, Managing Director of Progeny Group, says: “We look forward to welcoming Quest Financial Solutions and Juno Wealth Management to the Progeny family, and adding their skills to our transparent full-service offering, providing in-house wealth and legal advisory services.”
John Francis, Managing Director at Quest Financial Solutions, says: “Progeny’s progress over the last two years has been hard to ignore, its track record of advising business owners, family wealth and individuals with complex wealth management needs aligns with our offering. Something we are excited to add to our proposition is a full suite of legal services which we believe to be crucial when continuing to provide our clients with the holistic solutions they deserve”
Tracey Evans, Principal Adviser and Director of Juno Wealth Management, adds: “Our existing service delivers lifetime financial planning and advice at the highest level of professionalism. Progeny has a similar long-term approach of looking to the future, identifying the trends in the way our clients are living and thereby helping them safeguard their wealth.”
A team from Progeny Corporate Law, led by Alistair Scott Somers acted as legal adviser to Progeny on the transactions. Progeny Corporate Law is one of Progeny’s four business areas, which include Progeny Wealth, Progeny Asset Management and Progeny Private Law.