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

OBR leak 'embarrassing' as Selby calls for pension stability after Autumn Budget

OBR leak 'embarrassing' as Selby calls for pension stability after Autumn Budget

AJ Bell’s Tom Selby joins Sahar Nazir in the studio to unpack the Budget

Sahar Nazir
clock 28 November 2025 • 1 min read
Andrew Goodwin: Advisers shouldn't have to be told to improve

Andrew Goodwin: Advisers shouldn't have to be told to improve

'The fact is that nobody stays ahead of the curve by standing still'

Andrew Goodwin
clock 28 November 2025 • 4 min read
Treasury Committee chair welcomes plan to replace Lifetime ISA

Treasury Committee chair welcomes plan to replace Lifetime ISA

LISA is ‘too complex'

Sahar Nazir
clock 28 November 2025 • 2 min read