Progeny buys up rival wealth manager Fiscal Engineers

Moles says the deal will ‘add a great deal of value’ to Progeny’s proposition

Hope William-Smith
clock • 1 min read

National Chartered wealth manager Progeny has acquired Nottingham-based wealth manager Fiscal Engineers in a deal that takes its assets under management to £8bn.

The B-Corp certified firm said the purchase will help it bolster its Midlands presence. Fiscal Engineers, which was launched in 2000, also has offices in Birmingham and London and uses a Family Office approach to providing advice services. "We believe combining our own unique strengths with Progeny's will help both businesses fulfil our shared ambitions of delivering a world-class wealth management service and continually improving what we offer to clients," said executive chair Shane Mullins. "This move will enable us to keep building on everything we have achieved over the course of...

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