Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter