Member Article

Cheshire-based Stephen Dagnall Financial Management acquired by Newell Palmer

Cheshire-based Stephen Dagnall has been providing services to clients in Cheshire for more than 30 years and this acquisition marks the latest move by Newell Palmer in its expansion plans.

This is the second acquisition for Newell Palmer this year following the recent purchase of Jenner Financial Management and brings an additional £56m of funds under management and 291 clients.

Midlands-based Newell Palmer has more than quadrupled its funds under management to £650 million in the last five years through a string of acquisitions and referrals.

Financial Director of Newell Palmer, Kevin Homfray, said: “Acquisitions form an integral part of our growth strategy for 2015 and beyond, we are always on the lookout for firms that fit well with our business model - Stephen Dagnall is an example of this.

“We have been acquiring firms for the last 12 years with the support of Allied Irish Bank (GB) and this acquisition marks the second of four acquisitions already agreed over the next six months.”

Steve Dagnall, managing director of the acquired company, said: “I am delighted to be working with Newell Palmer during an initial transition period.

“I am confident that my clients will benefit from this move and will continue to enjoy a high quality service from a larger company equipped to handle their needs.”

This was posted in Bdaily's Members' News section by Sophia Taha .