The Penny Group acquires Midlands-based HNW advice firm

Latest deal as part of the Chartered firm’s ‘buy and build’ strategy

Isabel Baxter
clock • 2 min read

Chartered financial planning firm The Penny Group (TPG) has completed its acquisition of Midlands-based Roberts Financial Consultancy (RFC).

RFC, headed up by Chartered financial planner Barrie Roberts, has been providing advice to high-net-worth clients across the Midlands for more than 25 years. The Chartered firm, part of The Openwork Partnership (TOP), said this acquisition is part of its broader "buy and build" strategy which sees it collaborate with practice owners within TOP early in its succession planning journey to "ensure there is a structured integration over an extended period of time". The latest acquisition puts TPG's assets under management on target to exceed £1bn during 2024. RFC will continue to trade...

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