Newell Palmer have today acquired Wright Financial Planning, which marks the second acquisition of 2017.
Newell Palmer, a key regional firm in the Midlands, are experienced buyers and sponsors of Gunner & Co.’s Birmingham seminar, which helps advisers and planners understand the mergers and acquisitions market.
Based in Stafford, Wright Financial Planning have been offering financial planning advice and wealth management services to clients in surrounding areas for 17 years.
The purchase of Wright Financial Planning adds 80 active clients to Newell Palmer’s growing client base. The newly acquired clients will be serviced by Newell Palmer’s Wolverhampton office.
Newell Palmer’s key strategy for growth is through acquisition and a total of 40 have been completed since 1998. The Wolverhampton-based company have ambitious plans and are also on the lookout for any selling firms whose client ethos is comparable to their own.
Speaking about the acquisition, Newell Palmer Finance Director, Kevin Homfray, (pictured) said:
“We took a small break from acquisitions while our teams here focused on our recent CRM system upgrade to Intelligent Office.
”I’m pleased that we have completed on the deal with Norrie, and now we are keen to press ahead with further acquisitions lined up before the end of the year.”
Norrie Wright, Principal of the acquired company, said:
“Selling my business wasn’t a decision that came easy but ultimately I’ve decided to retire from the advisory industry.
“I’d like to thank Kevin and the team and I am reassured knowing my clients will continue to receive first class advice and support from Newell Palmer.”
To meet Kevin and the Newell Palmer team, join Gunner & Co.’s Birmingham Seminar ‘Building Value in your IFA business and preparing for exit’, on the 28th October – Find out more here.
Or, if you’d like to know more about their acquisition approach, contact louise.jeffreys@gunnerandco.com
