Managing director, Progeny Wealth, Leeds
Progeny Wealth, born out of the marriage between Progeny Law, Mark Burns Legal Services and Lawrence Scoffield in April 2016, has had an impressive start.
In its first month, the boutique lured a team of five from Redmayne-Bentley and launched a discretionary arm a few months later.
With two deals, the acquisitions of Quadrant and Chestergate Financial Planning, behind him, managing director Neil Moles is already eyeing the next step for growth.
‘We have two strategies. We are looking to recruit the right people which will be a combination of graduates and experienced professionals. We are also looking to acquire, which will help us to consolidate our position in Leeds,’ Moles said.
‘I think what sets Progeny apart is the ability to deliver wealth and legal solutions under one roof.’
He added that he is looking nationwide for acquisition opportunities, but believes that Leeds is a great place to recruit talent for the business, highlighting the quality of the University of Leeds.
‘As an industry, we have got to look forward not backwards. Regulation will always improve and the regulator is doing a great job to help improve professionalism. We have to embrace that and make it a core part of our offering and proposition,’ Moles said.