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Progeny buys two more advice firms

Progeny buys two more advice firms

Financial advice and legal services firm Progeny has continued its recent acquisition spree with the acquisition of adviser businesses in Buckinghamshire and Sussex.

The firms in question are Quest Financial Solutions and Juno Wealth Management, and earlier this month it acquired Innovate Financial Planning in Edinburgh.  

Progeny said the three acquisitions double the number of employees within the group, with all staff from both firms transferring over.

Progeny's assets under management grew above £1bn in 2018, as it acquired Evolve Financial Planning in in July.

Progeny has two offices in London, plus locations in Leeds and Salisbury, as well the offices of recently acquired firms.

Neil Moles, managing director at Progeny Group, said: "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."

Progeny has four business areas, Progeny Corporate Law, Progeny Wealth, Progeny Asset Management and Progeny Private Law.

John Francis, founder of Quest Financial Planning, said: "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."

david.thorpe@ft.com

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