Newell Palmer have acquired Haven Financial Services, a Bromsgrove-based IFA.
This is the fifth acquisition for Newell Palmer in 2017 and it was facilitated with the of professional IFA broker, ‘Tomorrow – The IFA Broker’.
Haven’s client base will be serviced by the teams at Newell Palmer’s Bromsgrove office.
Newell Palmer has more than quadrupled its FUM in the last five years, growing through acquisition and referrals, with a clear strategic plan.
Speaking about the purchase, Newell Palmer Finance Director, Kevin Homfray, said:
“We are delighted to complete the deal on Haven Financial and continue our expansion strategy.
“Newell Palmer has two further acquisitions lined up this side of Christmas, with more on the horizon throughout 2018.”
Paul Mallinson, Principal of Haven, said:
“I’m pleased to have concluded the deal and I would like to thank Kevin and his team at Newell Palmer for keeping the process straightforward, and to ‘Tomorrow’ for their role in brokering the deal. I chose Newell Palmer after being left reassured by the number of acquisitions they have completed in recent years, and I’m confident my clients are in good hands which is very important to me.”