Sunday, March 3, 2024

Progeny expands presence in the south with acquisition of financial planning firm

Leeds-headquartered multi-disciplinary professional services firm, Progeny, has acquired Chartered financial planning practice, Lewis Brownlee Financial Services.

The acquisition will allow Progeny to further expand its presence in the south of England and take its assets under management to nearly £7bn.

Established in 1990, Lewis Brownlee Financial Services have offices in Chichester, Midhurst and Whiteley and have built a reputation for high standards and providing a progressive and ethical approach to financial services.

Steve Burns, Managing Director of Lewis Brownlee Financial Services, said: “This is an exciting time for both us and our clients.

“Joining Progeny will allow us to continue to flourish while remaining loyal to our founding principles and the ethics and values we have worked hard to embed in the business.

“Becoming part of a multi-disciplinary professional services firm will also allow us to increase the range of services we offer, bringing a new scale and scope that will present fresh opportunities for our clients and our team members.”

Neil Moles, CEO of Progeny, said: “Lewis Brownlee Financial Services have established themselves as a firm focused on building trusted relationships, driving up standards and providing meaningful financial planning and financial services for their clients.

“Their team members pride themselves on the highest levels of professionalism and integrity and so we are delighted that they will be joining us at Progeny.

“We are looking forward to welcoming them and to the value they will add to the business.”

A team from Progeny’s corporate legal department acted as legal adviser to Progeny on the transaction, with Mae Salem of Squire Patton Boggs providing legal advice and support on the deal.

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