News

16
Nov

Newell Palmer acquires Sensible Finance

Newell Palmer has just completed its third acquisition of 2016 with the purchase of Sensible Finance, this is the 40th company acquired by Newell Palmer since 1998.
Sensible Finance has provided financial, investment and pension advice to clients in Leicester since 2013. Newell Palmer have ambitious growth plans for the coming years and this completion marks the latest move in that continuing strategy.
Sensible Finance brings an additional £3 million of funds under management and 30 active clients who will be serviced by Newell Palmer’s Nuneaton office.
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 between £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 purchase, Newell Palmer Finance Director, Kevin Homfray, said:
“Growth is one of our biggest goals at Newell Palmer and our strategy to make this happen isn’t slowing down anytime soon.
“Sensible Finance is modest in terms of size but has been well-run since its inception and will bring some valuable additions to our Nuneaton team.”
Mala Rajput, Director of Sensible Finance, said:
“After an exhaustive search to find a larger partner who will continue offering my clients a very high level of service, I am delighted to have completed the deal with Newell Palmer.
“Newell Palmer share all my values of service and professional care, and Kevin and his team have made the process very simple and pain free.”
If you would like to know more about joining Newell Palmer contact louise.jeffreys@gunnerandco.com