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Scottish acquisition to boost Progeny AUM to £6.5 bn

News Team, 11/07/2022

Neil Moles, Progeny chief executive

Acquisitive wealth manager Progeny is set to acquire Edinburgh-based Chartered financial planner, Balmoral Asset Management.

The acquisition comes as part of Progeny’s plan to expand its Scottish presence. It will take its assets under management to over £6.5 billion, up from £5.5 billion, which was boosted by the the acquisition of The Fry Group last month....


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