Financial education group expands Irish presence with latest acquisition

David Cassidy, CEO, Wealth at Work

A Liverpool-based specialist provider of workplace financial education, guidance and regulated financial advice for individuals has expanded with an acquisition.

Wealth at Work Group has purchased financial wellbeing company Employee Financial Wellness Limited, trading as Employee Financial Wellness, for an undisclosed sum.

The deal is part of Wealth at Work’s expansion into Ireland.

The group said it has been helping those in the workplace improve their financial future since 2005 and serves more than 500 large employers and occupational pension schemes in both the public and private sector including BT, Experian and Ineos.

Employee Financial Wellness is one of Ireland’s leading providers of financial wellness programmes for employees. Its programmes are used by many of Ireland’s leading organisations both in the private and public sector. Clients include LinkedIn and Alexion.

Both companies have already worked together on delivering financial wellbeing and retirement programmes in the UK and Ireland for clients such as Northern Trust and Sisk.

Wealth at Work chief executive, David Cassidy, said: “We welcome Employee Financial Wellness to the family as we look to expand our services into Ireland to companies requiring a one stop shop for financial wellness solutions including digital communications, financial education, guidance and regulated financial advice.

“This is particularly important given so many large tech companies are based in this area with other offices in Europe and across the continent.”

He added: “This allows us to really expand upon our already existing global reach to meet the increasing demand from existing clients who are global employers, seeking to offer similar benefits to employees in the different jurisdictions in which they operate.”

Nick Lawlor, Employee Financial Wellness managing director, said: “This is good news for both our clients and teams, adding capacity and market presence to our expertise and solutions.

“Being part of the Wealth at Work group family will help to spearhead the delivery of a fully integrated end-to-end financial wellness solution to companies and their employees in Ireland. We jointly recognise the transformative benefits that bringing together our teams and expertise will deliver and see it as an incredible opportunity to make a real difference to peoples’ lives.”

The acquisition follows swiftly after other recent announcements from the Wealth at Work group including the acquisition of Alderley Edge-based technology build firm DBD Digital, a workplace digital design and build specialist for employee communications.