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 below administration to £9bn.

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

Chartered Wealth Administration supplies Monetary Planning and asset administration providers primarily to excessive internet value shoppers.

 

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

Leeds-based Progeny made a number of acquisitions final yr together with in October the takeover of £600 AUM Scottish Chartered Monetary Planner agency Carbon Monetary Companions for an undisclosed sum. Earlier within the yr 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 places of work within the Center East, Asia and Europe.

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

“We look ahead to being a part of this distinctive enterprise in addition to the mission to remodel and enhance monetary recommendation for the higher, for our shoppers and the trade at massive.”

Progeny CEO Neil Moles stated: “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 correct agency, one that can enable us to increase 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 workforce.”

“With Chartered Wealth Administration onboard, we look ahead to constructing our presence and increasing our proposition within the North West of England. There are thrilling occasions forward.”


 



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