Midlands based Independent Financial Advisory Group, Newell Palmer has recently completed its 34th and 35th transactions with the acquisition of Jenner Financial Management and Stephen Dagnall Financial Management. Based in Wolverhampton but with offices across the Midlands the highly acquisitive IFA Group has more than quadrupled its funds under management in the last 5 years to over £650m and has plans to increase this further to over £1bn in the next 3 years. Acquisitions continue to play an integral part of the Group’s growth strategy and they remain focused upon finding firms with comparable client service values.
As the Group’s M&A advisor BDO will continue to provide lead advisory services and support the management team of Newell Palmer in seeking suitable acquisitions and supporting their overall growth strategy.
“Whilst we have a vast amount of experience in acquiring IFA’s the advice, support and sector experience of the BDO M&A team remains invaluable. We currently have a strong pipeline of potential transactions but remain focused on identifying new businesses that will provide further opportunities for the Group. BDO continue to be a valuable and trusted partner to Newell Palmer and we look forward to working alongside them on our next transaction.”
Kevin Homfray – Financial Director of Newell Palmer Group