Belfast Telegraph

Investment group Davy Private Clients UK snaps up Belfast pension firm Pension and Financial Consultants

By John Mulgrew

Investment group Davy Private Clients UK has snapped up a Belfast pension company — making it the largest wealth management firm in Northern Ireland.

Independently owned by its directors and established 20 years ago, Pension & Financial Consultants Limited (PFC) has approximately 4,000 clients and £600m of assets under management.

It's been bought by the wealth management and financial planning division of the Irish-owned Davy Group.

Brian McKiernan, chief executive of Davy Group, said:

“We have identified a growing need for high quality and increasingly sophisticated financial advice and wealth management in Northern Ireland.

“Davy has invested heavily to ensure that we are in a position to make a difference to our clients through the quality of our people and our advice. By adding PFC we will integrate a team of directors and staff who are of like mind and ensure that we have the scale and resources in Northern Ireland to meet the evolving needs of our growing client base”.

And Stephen Warke, managing director of PFC, said:

"During our 20 years in business our primary aim has always been to provide the best advice possible focused on our clients’ needs and requirements.

“Having considered the matter in great detail over the last year we now feel the time is right to bring together the strengths of our business with that of another leading firm who have the same principles.

“We have been highly selective in choosing Davy and believe together we are best placed to serve our clients’ needs through our unique strength and depth of resources across pensions, financial planning, investment and wealth management. We are very excited at the potential this transaction provides for our clients and staff alike.”

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