Chestergate Financial Planning, a financial adviser which focuses on affluent private clients with complex financial requirements, has been bought by Progeny Group.
Neil Moles, the managing director of Progeny, expressed enthusiasm in gaining the specialist adviser firm:
“We know that wealthy clients need legal advice on their financial affairs at least every two years, and having this advice delivered alongside planning advice from the same firm simplifies and improves the whole process.
“So we look forward to working with Chestergate to offer clients joined-up financial advice, including legal services and wealth structuring.”
Progeny Group is based in London and Leeds, and Moles noted that merging with the London and Salisbury based Chestergate allows the wealth management firm a greater reach throughout the UK:
“Adding Chestergate means that a large and affluent southern market in and around Salisbury will now have access to Progeny’s offering, and they will generate synergies with our existing London operations.”
Managing director of Chestergate, Robert Gerwat, spoke about the merger with equal optimism:
“The quality of our team has allowed us to specialise in advising clients with complex financial arrangements, and help them achieve their financial and lifestyle goals. Joining Progeny will extend and deepen our offering, adding specialisms in asset management as well as private and corporate law.”
For more information on the M&A market and selling your business, contact Gwill Evans – Gwill.Evans@gunnerandco.com.
