20th December 2017
Newell Palmer complete acquisition of David Heffernan’s advisory practice
Newell Palmer have completed the acquisition of David Heffernan’s advisory practice based in Coventry.
This is the final acquisition of the year for Midlands-based IFA, Newell Palmer, and it marks the end of a busy year for the firm having completed eight acquisitions in total in 2017.
David’s client base will be serviced by the advisory teams at Newell Palmer’s Nuneaton office.
Newell Palmer has more than quadrupled its FUM to in excess of £1.7bn in the last five years, growing through acquisition and referrals, with a clear strategic plan.
Speaking about the purchase, Newell Palmer Finance Director, Kevin Homfray, said:
“Completing with David Heffernan marks the end of a really strong year for Newell Palmer on the acquisition front.
“We are forecasting a very busy 2018 with a large number of prospect firms looking to choose Newell Palmer to look after their clients. With the increasing pressure of Mifid II and GDPR, we are seeing more and more smaller firms on the lookout for larger partners such as ourselves.”
David Heffernan, Founding Partner of Sandringham Financial Services, said:
“When I decided it was time for me to retire from the advisory business I began carrying out a search to find a new practice, who not only shares my values and levels of professional care, but who is able to offer a wider range of products and services.
“I was delighted to find Newell Palmer, a much larger firm who will be able to offer my clients the same excellent service and so much more in their financial journey.”
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For further information, please contact Alex Dodd of Newell Palmer on 03330 433 444, or via email: firstname.lastname@example.org