Davy Private Clients, the Northern Ireland-based wealth management and financial planning division of J&E Davy (Davy), has agreed to acquire Square Seven Financial Planning, part of a two year acquisition spree.
Established in 2005, Square Seven provides independent financial advisory services in Northern Ireland advising private, corporate, trust and pension clients.
Its two founding directors David Rea and Sam Curry will join Davy's existing Belfast-based private client team upon completion of the acquisition.
Davy Private Clients opened its Northern Ireland office in 2007 and has an existing team of 10 professionals servicing the investment and financial planning needs of clients in Ulster.
The team also works closely with IFAs who outsource their clients' investment management needs to Davy.
The Square Seven deal is Davy's first acquisition in Northern Ireland, and it's fourth in less than two years following the purchases of the private client and asset management businesses of Bloxham Stockbrokers in May 2012, Prescient Investment Managers in November 2013, and investment consultancy iCubed in January 2014.
Davy also established a London office in 2010.
Davy chief executive Tony Garry said: "In Square Seven, Davy is very pleased to have the opportunity to acquire a high quality business, with an accompanying team of experienced financial advisers.
"We look forward to welcoming Square Seven clients and team to Davy Northern Ireland, and to building on the good relationships that have been established through the years."
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