Progeny Group has made another two acquisitions only days after it kicked off a buy spree with its first Scotland buy, Wealth Manager can reveal.
The wealth boutique has bought Sussex-domiciled Juno Wealth Management and Quest Financial Solutions, which is based in Buckinghamshire, for an undisclosed amount.
The move comes days after the group acquired Innovate Financial Services in Edinburgh. The three new additions will double headcount to 125.
Clients of both businesses will now have access to the group's asset management, legal planning and legal services resources and all staff will join Progeny.
Managing director and former Wealth Manager cover star Neil Moles, told Wealth Manager the firm is already in talks with other businesses both in Scotland and the rest of the country and more deals will be announced as the year progresses.
'It is not about location but about the firm,' he said. 'We are not consolidators building a network, our acquisitions are fully integrated.'
The group reached £1 billion in assets under advice last July after acquiring Evolve Financial Planning.
Moles said the new buys have increased assets significantly and that, if the right firms come along, the £2 billion milestone will be reached not too far from now.
'The important part for us going forward is to become the best planning business in the UK,' he added.
Managing director at Quest Financial Solutions John Francis said: 'Something we are excited to add to our proposition is a full suite of legal services which we believe to be crucial when continuing to provide our clients with the holistic solutions they deserve.'
Progeny now has eight offices across the country. Of its staff, 90 people are in the wealth management division, including 27 financial planners, while the rest work in the legal services.