IFA Newell Palmer has completed the purchase of financial planning firm Moneyfax fps, adding £20m funds under management. The deal is the firm's first acquisition of 2018.
The deal has also added 80 active clients to Newell Palmer's client base. The newly acquired clients will be serviced by Newell Palmer's Bromsgrove office. Based in Worcester, Moneyfax has been offering financial planning advice and wealth management services to clients in surrounding areas since 2004. Newell Palmer said it continued to hold a strong position on the acquisition front with healthy cash reserves and a solid partnership with banking firm Allied Irish Bank. In addition to further acquisitions in the pipeline, 2018 has seen the Wolverhampton-based firm mark its 25th bir...
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