Progeny sees revenue up in excess of £10m after acquisition successes

Firm also received corporate Chartered status from the CII earlier this year

Hope William-Smith
clock • 1 min read

National Chartered wealth management firm Progeny has seen revenue increase by 43% year-on-year following a strong start to 2023, results show.

The Leeds-based firm's six-month results to 30 June - published on 31 July - note its acquisition of international advisory firm Fry Group as a major catalyst for its success. A total £3.1bn has been added via acquisition while the firm has also seen organic assets of £278m enter its flows during H1. Assets managed increased by £911m over the period, leading to an all up year-on-year revenue increase in excess of £10m. "H1 has seen us make good progress towards our ambition to create the first global financial planning business for UK citizens and become a highly trusted professional ...

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

UK inflation falls less than expected over March to 3.2%

UK inflation falls less than expected over March to 3.2%

Core inflation fell from 4.5% in February to 4.2%

clock 17 April 2024 • 2 min read
Financial implications to life events: What women need to consider

Financial implications to life events: What women need to consider

Divorce is an emotional process and advisers must adapt to client needs

Jenna Brown
clock 17 April 2024 • 3 min read
Senior female leaders can go the distance with 'right support'

Senior female leaders can go the distance with 'right support'

Female leaders in financial services urged not to ‘hit the exit button’

Jenna Brown
clock 17 April 2024 • 3 min read