Newell Palmer acquires Worcester financial planner

Adding £20m FUM

Victoria McKeever
clock • 1 min read

IFA Newell Palmer has completed the purchase of financial planning firm Moneyfax fps, adding £20m funds under management. The deal is the firm's first acquisition of 2018.

The deal has also added 80 active clients to Newell Palmer's client base. The newly acquired clients will be serviced by Newell Palmer's Bromsgrove office. Based in Worcester, Moneyfax has been offering financial planning advice and wealth management services to clients in surrounding areas since 2004. Newell Palmer said it continued to hold a strong position on the acquisition front with healthy cash reserves and a solid partnership with banking firm Allied Irish Bank. In addition to further acquisitions in the pipeline, 2018 has seen the Wolverhampton-based firm mark its 25th bir...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

SENDA launches first accredited training courses for special needs planning

SENDA launches first accredited training courses for special needs planning

Full certification programme to follow

Sophia Panayi
clock 25 June 2026 • 3 min read
Are financial advisers overlooking a vital client segment?

Are financial advisers overlooking a vital client segment?

Advisers must actively engage women early in the advisory journey

Jenny Davidson
clock 25 June 2026 • 4 min read
Advisers remain optimistic despite uncertainty

Advisers remain optimistic despite uncertainty

Natixis Investment Managers’ 2026 Finance Adviser’s survey finds

Sophia Panayi
clock 24 June 2026 • 4 min read