Progeny to buy RU Group in 'significant' acquisition

Acquisitions continue

Jenna Brown
clock • 2 min read

Progeny is set to buy Chartered planning firm RU Group in its latest acquisition deal, bringing its assets under management to more than £3bn.

Chartered financial planning business RU Group is the latest firm to be snapped up by Progeny as it continues to expand to become a multi-disciplinary professional services firm. The deal, subject to regulatory approval, will expand Progeny's presence in south Yorkshire and the east Midlands. RU Group specialises in wealth management and retirement with a team of 48 staff based across three offices in Nottingham, Derby and Sheffield. It was established in its current form in 2003 but has origins going back 100 years, Progeny said. RU Group chairman Andy Dyke said: "This is a moment...

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