Progeny Group, a boutique headquartered in Leeds, has acquired Chestergate Financial Planning, for an undisclosed sum.
This is the second acquisition the firm has made in 2017. The company, which also has an office in London purchased Quadrant in March expanding its office in the City.
The team at Chestergate, which has offices in Salisbury and London, will join Progeny. Meanwhile, Chestergate's management will take a minority stake in the Progeny Group.
Chestergate specialises in servicing wealthy private clients with complex requirements.
Neil Moles managing director of Progeny, said: 'This is the latest step in Progeny’s ‘acquire to hire’ growth strategy based on the principle that an advisory business is only as good as its people.
'Adding Chestergate means that a large and affluent southern market in and around Salisbury will now have access to Progeny’s offering, and they will generate synergies with our existing London operations.'
Robert Gerwat, managing director of Chestergate, added: 'The quality of our team has allowed us to specialise in advising clients with complex financial arrangements, and help them achieve their financial and lifestyle goals. Joining Progeny will extend and deepen our offering, adding specialisms in asset management as well as private and corporate law.'
Progeny does not disclose assets under advice or management.