Progeny Group Acquires Innovate, Quest and Juno

March 1, 2019

On February 14, 2019, Progeny Group announced three acquisitions, of Innovate Financial Services, Quest Financial Solutions and Juno Wealth Management.

Under the terms of the agreements, Progeny Group Limited (“Progeny”) will acquire Innovate Financial Services Limited (“Innovate”), Quest Financial Solutions Limited (“Quest”) and Juno Wealth Management (“Juno”). The management and staff of all three firms will remain in their current roles after the acquisitions. Further terms of the deals were not disclosed.

Progeny Group is a UK-based firm that specializes in asset management, financial planning and provides private and corporate legal services. As of July 2018, Progeny had over £1 billion in assets under advice.

Innovate is an independent financial advisory company based in Edinburgh that specializes in financial planning and wealth management.

Quest is a financial planning and wealth management firm based in Buckinghamshire.

Juno is a financial planning and wealth management firm based in Sussex that provides advisory services regarding investments, retirement, and general financial and life planning.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions