IFA acquirer Loyal North has purchased Kings Lynn-based advice firm Quay Financial Planning for an undisclosed sum.
The firm will join Loyal North’s GPFM Chartered Financial Planners based in Hertfordshire and will bring the group £40m (€46.7m, $50.7m) in client funds.
Quay’s Katie Hately will join GPFM as a senior financial planner and will continue to lead Quay’s team.
Hately said: “Our business prides itself on providing excellent financial planning and putting our clients at the heart of the business, and that is why the team at GPFM, and the personalised and regionalised approach of Loyal North made them the perfect partners for us. As part of Loyal North, we are also excited to access the opportunity with its central support and resources, these will enable us to grow whilst keeping our focus on our clients.”
GPFM managing directors Scott Atkinson and Simon Frost added: “This acquisition marks a further step in our growth plans for Loyal North’s east of England. Katie has built an excellent business and we are looking forward to driving the next phase of growth for our combined businesses.”
This is Loyal North’s 12th acquisition since its inception in 2017 and comes after the firm snapped up Kent-based firm Paul Wallis Financial Solutions (PWFS) last month.