Progeny to acquire Gibbs Denley in deal that takes assets to £7.5bn

The acquisition will see Progeny take its assets under management to more than £7.5bn and significantly bolster its headcount. Gibbs Denley has seven Chartered financial planners across its Cambridge, Bury St Edmunds and Chelmsford offices, as well as 29 other staff. "In becoming part of Progeny we take a quantum leap in the services we provide to our clients, with financial planning, investment management, legal and tax specialists in house," said managing director Simon Rees. "We can keep striving to achieve ever-higher standards for our clients and now offer them easy access to a r...