Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Davy PC acquires Belfast adviser Square Seven

Davy PC acquires Belfast adviser Square Seven

Davy Private Clients, the UK subsidiary Ireland’s largest stockbroker and wealth manager of J&E Davy, has acquired Belfast adviser Square Seven for an undisclosed sum.

Square Seven runs around £74 million in assets on behalf of 400 clients.

‘Northern Ireland is a material part of Davy’s overall private client business, and we see it as an area of key strategic growth in the coming years,’ said Stephen Felle, managing director of Davy Private Clients.

‘We will continue to review further potential acquisitions in Northern Ireland such as that offered by Square Seven.

‘Furthermore, the UK-centric investment, operational and regulatory processes we have established in Northern Ireland gives Davy the platform to assess growth opportunities into the rest of the UK, and to build out our service offering to IFAs in Northern Ireland and Great Britain.’

The purchase is the company’s fourth acquisition in the last four two years, following Bloxham in 2012 and more recently AIB Investment Managers and iCubed.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: from Batman Live to commodity beta

Profile: from Batman Live to commodity beta

Charteris may be a family affair, but the company is not at any risk of turning sentimental

Wealth Manager on Twitter