News

14
Feb

Progeny Expands into Scotland and South East with Triple Acquisition

Progeny has announced that it is continuing its rapid expansion with the acquisitions of three new financial planning and wealth management firms across the country. The acquisition of Innovate Financial Services in Edinburgh marks Progeny’s first expansion into Scotland, while the acquisitions of Quest Financial Solutions in Buckinghamshire and Juno Wealth Management in Sussex will strengthen the firm’s presence in the South East.
Innovate’s, Quest’s and Juno’s clients will now be able to benefit from Progeny’s asset management, financial planning and private and corporate legal services, all offered with transparent costs.
In line with Progeny’s ‘acquire to hire’ strategy, the management and staff of all three firms will join Progeny’s team, doubling its national headcount to 125.
A team from Progeny Corporate Law led by Alistair Scott-Somers acted as legal adviser on the transactions.
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