Newell Palmer acquires Coventry-based IFA adding £80m FUM

HIA International Financial Services is the advisory arm of the HIA International group, which was founded in 1996. The general insurance side of HIA International will continue operating as its own independent business and is not part of the deal with Newell Palmer. This latest acquisition takes Newell Palmer's FUM in excess of £2.1bn, which it said would be further boosted during 2018 upon the completion of further planned acquisitions. Newell Palmer said the deal will also expand its employee benefits client portfolio, with the addition of 60 group schemes of differing sizes - the ...