Wealth management group Progeny has acquired Chestergate Financial Planning, a financial advisory firm based in Salisbury and London that specialises in wealthy private clients with complex financial needs.

The Chestergate team will join Progeny, expanding Progeny’s wealth management offering and bringing the wider group’s asset management and private and corporate legal advice to Chestergate’s clients. Chestergate’s management will take a minority stake in the Progeny Group.

Progeny Managing Director Neil Moles (pictured above) said: “This is the latest step in Progeny’s ‘acquire to hire’ growth strategy based on the principle that an advisory business is only as good as its people.

 

“Over twenty years Chestergate has built a track record that proves they share our vision of skilled, professional financial advice with a long-term focus. Adding Chestergate means that a large and affluent southern market in and around Salisbury will now have access to Progeny’s offering, and they will generate synergies with our existing London operations.

“We know that wealthy clients need legal advice on their financial affairs at least every two years, and having this advice delivered alongside planning advice from the same firm simplifies and improves the whole process. So we look forward to working with Chestergate to offer clients joined-up financial advice, including legal services and wealth structuring.

Managing Director of Chestergate Financial Planning Robert Gerwat added: “The quality of our team has allowed us to specialise in advising clients with complex financial arrangements, and help them achieve their financial and lifestyle goals. Joining Progeny will extend and deepen our offering, adding specialisms in asset management as well as private and corporate law.”

 

Founding Director of Chestergate Peter Moss said: Becoming a part of the Progeny Group enhances the long term potential for our people and for the firm, and broadens our offering to clients.”

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