National advice firm Progeny has bought Hampshire-based adviser Coll Perkins, for an undisclosed amount, to expand its presence in the south of England.
Coll Perkins was founded in 2011 to provide life-centred financial planning and a tailored personal service to a select number of clients.
As part of the deal, three staff and one adviser will move over to Progeny.
Coll Perkins founder Mark Perkins, said: “This is an exciting time for Coll Perkins and our clients. Joining a multi-disciplinary professional services firm like Progeny will allow us to grow and develop while staying true to our values and founding principles.
“It will also bring benefits of scale and scope and comes with new opportunities for our team and our clients.”
Perkins added: “We can continue to deliver exceptional service and build long-lasting and trusting relationships, while now offering them an even wider range of market-leading services. The ethos of Progeny closely matches our own and we’re looking forward to the fresh potential and productive results that joining them will bring.”
Progeny said it could not disclose details on the financials of the deal or its assets under management.
In February, Progeny agreed to buy chartered financial planning firm RU Group for an undisclosed sum, taking its assets under management to £3bn.
This was Progeny's 13th acquisition, subject to approval from the Financial Conduct Authority.
Progeny chief executive officer Neil Moles, said: “It’s a pleasure to welcome Coll Perkins to Progeny. They will bring new skills and expertise into the mix and the way they operate, engage with their clients and conduct business will ensure they fit right in.
“We are looking forward to extending our footprint in Hampshire and the south of England and to the real value that Coll Perkins will add to our proposition.”
Last month, Progeny said it was relaunching its adviser academy over summer 2022 to allow for a single September intake of new planners.
The firm said it would relaunch with a single, annual intake to ensure a more consistent learning experience.
sonia.rach@ft.com
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