Newell Palmer acquires Treble

by | Nov 15, 2017

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Wolverhampton Art Gallery

Newell Palmer has acquired Wolverhampton-based Treble Investments.

It’s the firm’s fifth acquisition of the year.

Treble Investments has been providing advice to clients in the West Midlands and surrounding areas for over six years and has built up a 250-strong client base.

 

Some £25m will be added to Newell Palmer’s total funds under management, which is now in excess of £1.7bn. The 250 active clients of Treble will be serviced by the advisory team based at Newell Palmer’s Wolverhampton office. The deal take’s Newell Palmer’s total recurring income to approximately £8.5m per annum.

Wolverhampton-based Newell Palmer has more than quadrupled its FUM in the last five years, growing through acquisition and referrals.

Newell Palmer Finance Director Kevin Homfray, said: “I am delighted to announce the acquisition of Treble Investments, which has been made possible with the support and financial backing of Allied Irish Bank (GB).”

 

“This is our fifth acquisition during this financial year, which has strengthened our presence throughout the West Midlands. Treble Investments is modest in size and perfectly fits into Newell Palmer’s established model.”

Anthony Treble, Principal of Treble, added: “I want to ensure that my clients can continue to enjoy the high level of personalised service they have come to expect and I am very happy to be merging my business and client base with a company like Newell Palmer. With the changes being introduced by MiFid II and GDPR I feel confident knowing that my clients are in the hands of a company that has a solid structure and the resources to meet the challenges presented by the changing face of the financial services sector.”

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