British wealth manager Progeny Group has snapped up Chestergate Financial Planning, a local financial planning firm, for an undisclosed sum.

Chestergate’ Salisbury and London teams will join Progeny as part of the deal. The deal also involves Chestergate management taking a minority stake in Progeny.

Progeny managing director Neil Moles said: “Adding Chestergate means that a large and affluent southern market in and around Salisbury will now have access to Progeny’s offering, and they will generate synergies with our existing London operations.

“We know that wealthy clients need legal advice on their financial affairs at least every two years, and having this advice delivered alongside planning advice from the same firm simplifies and improves the whole process.”

Progeny was created in 2016 following the merger of wealth management business Lawrence Scoffield Group with law firms Progeny Private Law and Mark Burns Legal Services. This is Progeny’s second acquisition in 2017.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.