Two financial services firms merge

TWO financial services firms have completed a merger, aiming to provide expanded services to East Yorkshire.

The directors of Hull-based insurance Partnership Financial Services and Kirk Ella Investments have agreed to combine the businesses – though they will retain their trading names for the foreseeable future.

The companies combined have 40 staff in the region, and the new agreement will allow them to scale up the business.

Paul Newman, director of The Insurance Partnership Financial Services said: “We are very happy to announce this collaboration which is hoped to enhance our position as one of the leading Hull and East Yorkshire financial advice firms.

“Given the ever changing nature of the industry we believe that to fully invest in the systems and services required to deliver an exceptional level of client service, businesses need a level of critical mass and influence in the market place.”

“There will be some changes to business operations, including technology upgrades and streamlining of systems and processes, most importantly we have now concluded negotiations with major fund providers such as Old Mutual, Standard Life and Aviva to ensure our clients benefit from lower platform charges which are not available in the wider marketplace.”

Shane Beardsley, managing director of Kirk Ella Investments said: “From the outset of our discussions it was very evident that our ambition and aspirations were aligned.

“Continuing as Kirk Ella Investments ensures our established brand and local presence is maintained, yet this agreement means that we also have access to expertise from specialist advisers in both businesses and our clients are also able to benefit with access to lower investment charges and exclusive investment strategies.”

 

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