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UK's Progeny Acquires Wealth Manager, Expands AuM To £8 Billion

Editorial Staff

9 August 2023

UK professional services firm has acquired Nottingham-based wealth manager, Fiscal Engineers, a business that uses a “family office” approach.

The acquisition, the terms of which were not disclosed, will strengthen Progeny’s presence in the Midlands and take its assets under management to £8 billion ($10.2 billion), Progeny said in a statement this week.

“Fiscal Engineers uses a family office approach to provide bespoke services for business owners, entrepreneurs and other individuals who have substantial investment needs,” Progeny said of Fiscal Engineers.

Besides its Nottingham headquarters, Fiscal Engineers, bought in 2000, has offices in Birmingham and London.