Revenues at Progeny increased by £1.2m in the first half of the year, according to its latest results, with the advice firm saying it intended to maintain its focus on acquisitions for the rest of 2021.
In its half-year results published on Wednesday (21 July), Progeny said it had passed £1bn in assets under management, adding £78.2m to Progeny Wealth and £290.5m to Progeny Asset Management. For revenue, the firm saw a 17.74% year on year change, a £1.2m difference. The increase, Progeny said, is largely thanks to its centralised investment proposition (CIP) which launched last year. During the first half of this year, Progeny made several acquisitions and said it would continue the strategy throughout 2021. In February, it acquired Leeds-based legal firm Watson Law and then in Ap...
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