News

13
Jan

Newell Palmer acquires A.I.P. Financial Consultants Limited

Newell Palmer have today completed the purchase of A.I.P. Financial Consultants, which marks the first acquisition of 2017.
Based in the Peak District National Park, A.I.P Financial Consultants Limited have been offering financial planning advice and wealth management services to clients in surrounding areas for 21-years.
The purchase of A.I.P has added £4 million of funds under management and 41 active clients to Newell Palmer’s growing client base. The newly acquired clients will be serviced by Newell Palmer’s Nuneaton office.
2017 is forecast to be a very busy year for Newell Palmer as they continue their acquisition strategy that has already seen them grow to be one of the largest IFAs in the Midlands.
This purchase marks the latest move in Newell Palmer’s ambitious growth strategy which has seen it acquire 39 IFA firms since 1998, with further acquisitions planned within the next 12 months.
Wolverhampton-based Newell Palmer has more than quadrupled its FUM in the last five years, growing through acquisition and referrals, with a clear strategic plan. Acquisitions to-date have ranged from £30k to £2m in consideration; meaning that if the client ethos of a firm is comparable to Newell Palmer’s then, there is no one too big or too small to fit into the company.
Speaking about the acquisition, Newell Palmer Finance Director, Kevin Homfray, said:
“We had a busy end to 2016 with four acquisitions completing between October and December, and we want to continue that momentum throughout 2017.
“I’m delighted to be completing this deal with A.I.P and I wish Simon all the very best in his retirement.”
Simon Kearney, Principal of the acquired company, said:
“Deciding to sell my business wasn’t an easy decision but I am reassured knowing my clients will continue to receive first class advice and support from Newell Palmer.”
If you would like to know more about Newell Palmer, please contact Louise Jeffreys at louise.jeffreys@gunnerandco.com