The Penny Group takes majority stake in £350m AUM advice firm

Based in Hungerford, Berkshire, Harridge is owned and led by Simon and Sue Jukes. The advice firm was formed in 1991 and manages approximately £350m across ten advisers. The business recently acquired Bolton-based Heavenly Finances in a deal which added £85m assets under advice (AUA). Following completion of the transaction, Harridge will continue to operate as a separate entity but will trade as The Penny Group Harridge, which is the first steps of integration over a three-year timeframe. The Penny Group said the integration will focus on functional areas such as infrastructure, HR a...