Independent financial adviser and employee benefits consultants Prosperis Limited has secured a further acquisition with the purchase of long-established Newcastle-based financial advice business Stephen McDine Limited. The team at Prosperis are happy to welcome Stephen and his staff to the organisation.
Niall Gunn, Chief Executive Officer and founder of Prosperis Ltd., said: “We are delighted to have been able to acquire such a high-quality business, allowing us to continue to provide clients with an excellent level of service going forward. As an independently owned business, this acquisition will greatly benefit all clients. We are on track to add further locations within the Northeast as we continue with our growth plans.”
Paul Meehan FCII, Chairman, said: “These are exciting times for the whole Prosperis team, and we remain very acquisitive. The purchase of the Stephen McDine business sets us up nicely as we now move to the next phase of our strategy to buy more businesses. We expect to complete on another deal before the end of Q1 next year in addition to further senior hires.”
Prosperis was established over 20 years ago and is based in Knaresborough. It is one of the most prominent advisory firms in the region, managing in excess of £450m of client assets. Prosperis employees 30 staff and provides individual and corporate advice to more than 1,200 individual clients and businesses throughout the region.
To discuss the market for potential acquisitions, speak with our Head of Brokerage Gwill Evans and click here.