Progeny reports 'strong' H1 results as firm focuses on acquisitions

Half-year results

Sophie King
clock • 1 min read

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...

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

Advice firms to gain integrated compliance tools as Saturn acquires Ateb Suitability

Advice firms to gain integrated compliance tools as Saturn acquires Ateb Suitability

Move brings regulatory expertise in-house to strengthen AI-backed suitability tools for advisers

Sahar Nazir
clock 14 May 2025 • 2 min read
Leveraging client data to reassure during uncertain times

Leveraging client data to reassure during uncertain times

Advisers must make use of personalised insights during market turbulance

Louis Williams
clock 14 May 2025 • 4 min read
PA Asks: Which celebrity would you most like as a client?

PA Asks: Which celebrity would you most like as a client?

Do you ever use emojis when communicating with clients? And are clients interested in thematic ETFs?

Professional Adviser
clock 14 May 2025 • 1 min read