Progeny Group expands into Scotland with latest acquisition

YFM completes £230m worth of deals in H1 2019
Credit: Jevanto Productions

Wealth management specialist Progeny Group has expanded its UK footprint with the acquisition of financial planner Innovate Financial Services in Scotland.

This marks the company’s first expansion into Scotland and boosts its existing presence in Leeds, London and Salisbury.

Progeny said that Innovate’s clients will benefit from its asset management, financial planning and private and corporate legal services.

The deal, part of Progeny’s “acquire to hire” strategy”, will see management and staff from Innovate join the team.

“We are not pausing in the development of Progeny,” said MD Neil Moles.

“Edinburgh is a burgeoning commercial and financial centre and serves clients all over Scotland and northern England.

“Innovate’s clients will now have access to the Progeny formula of wealth planning and management as well as legal advice in one place, offered with a transparent fee tariff.”

Chris Donald, MD of Innovate Financial Services, added: “We are delighted to become to part of Progeny and their first expansion into Scotland.

“Progeny will provide our clients with a superior service and investment proposition as well as enhanced career opportunities for our employees.”