Financial consultancy snapped up by Leeds insurance firm

INSURANCE and financial services group JM Glendinning has acquired a specialist financial consultancy from Baildon.

Precedo Financial Consultancy, which specialises in later life financial planning has been added to JM Glendinning’s portfolio.

Precedo founder and managing director Andrew Pyrah as well as graduate trainee Jonathan Sharp will join the JM Glendinning Financial Services team to offer specialist financial advice to people aged over 55.

Mr Pyrah specialises in advising people on equity release, nursing homes fees and investment planning.

He said: “This is an exciting opportunity to join a local, family run firm of independent financial advisers, where I have been given full backing to build a later life financial planning arm within the business.

“My aim is to become a leader in this area of financial advice, both in Yorkshire and further afield. The move also allows me to draw on the existing expertise within the JM Glendinning group to expand the services I can offer my existing clients, including specialist pension advice, insurance and health and safety services.”

JM Glendinning Financial Services managing director Nigel Stallworthy added: “Having worked with Andrew for the last two years to provide later life financial advice to our clients, we saw an opportunity to formally offer these specialist services as part of our service portfolio. I believe that bringing the Precedo team into the business and adding Andrew’s extensive expertise to our team will continue to add real value for our clients.

“We are also very keen to offer apprenticeships and graduate trainee opportunities in financial services. The fact that a number of banks and building societies have stopped offering financial advice in recent years is limiting opportunities for graduates, and we see huge value in bringing the right people into the business and offering them a clear, fully supported career path. We’re very happy to have Jonathan on board.”

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