Wolverhampton IFA snaps up Oxfordshire rival

NEWELL Palmer Financial Planning has acquired Abingdon-based Jenner Financial Management (JFM) for an undisclosed sum.

JFM which has been delivering financial advice for more than ten years. It specialises in pensions, investments, protection and mortgages.

The Wolverhampton-based Newell Palmer group has an on-going strategy for growth through acquisitions and has successfully completed over 30 acquisitions bringing the total number of assets under management to £650m.

Garry Godwin, managing director of the firm,said: “JFM is an established company which has a long, proud record of delivering exceptional service to its client base.

“Over the last few months, we’ve built up a good rapport and understanding of their business and we look forward to working closely with JFM during the transitional period.

“We are always on the look-out for smaller businesses that fit well with our business model, and JFM is a client-driven business which fits into that category.”

Mark Jenner, principle of JFM, said: “We felt it was the right time to look at partnering with another business to take the business forward but wanted to feel confident that our clients would continue to receive the best possible advice and support from a firm of financial advisers with a history of success.

“Newell Palmer Financial Planning is a respected company with a successful history of acquisitions under its belt, and we look forward to the next few months as we begin to integrate the company.”

Wolverhampton-based FBC Manby Bowdler provided legal advice to Newell Palmer.