Progeny has acquired chartered financial advice firm Chartered Wealth Management.
The firm offers tailored financial planning and asset management services to high-net-worth clients.
It has offices in Manchester and London and 21 members of staff, nine of which are chartered financial planners and wealth managers.
The acquisition will take Progeny’s total assets under management to £9bn.
Founding director of Chartered Wealth Management Mark Stanbury said: “This is an exciting day for our team and our clients, as we join Progeny – a business rapidly growing in scale and profile.
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“We look forward to being part of this unique business as well as the mission to transform and improve financial advice for the better, for our clients and the industry at large.”
Progeny CEO Neil Moles said: “It’s a pleasure to welcome such a prestigious and high-performing business into Progeny, one which is forward-thinking and committed to excellence in equal measure.
“This is the culmination of a five-year search for the right firm, one that will allow us to expand into a new geography but which also crucially meets the strict criteria we set for our acquisition targets around average client size and age, as well as the age and ambition of the firm’s team.”
He added: “With Chartered Wealth Management onboard, we look forward to building our presence and extending our proposition in the north west of England. There are exciting times ahead.”
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