Progeny acquires J M Glendinning Financial Services

Progeny CEO Neil Moles

Professional services firm Progeny has announced the acquisition of Guiseley, Yorkshire-based financial advisers J M Glendinning Financial Services.

Glendinning was established in 1987 and specialises in providing financial planning services to a select number of private clients and their families in Yorkshire and around the UK.

The deal will allow Progeny to expand its presence in Leeds and the wider Yorkshire area and Glendinning clients will have access to an expanded range of services via Progeny’s multi-disciplinary professional services offering.

Progeny have recruited extra staff to help integrate Glendinning’s fully into the Progeny business.

Paul Glendinning, director, J M Glendinning Financial Services, said: “We’re really excited about joining Progeny, and in the process reinvigorating our business to take our service and offering to new levels for our clients.

“Progeny understand our mindset and, crucially, the aims and ambitions of our clients at a regional and national level.

“A larger firm brings opportunities of scale; becoming part of Progeny’s multi-disciplinary business offers unique opportunities for exponential growth.

“Our clients can now benefit from a vast range of additional services to meet all their legal and financial needs.”

Progeny CEO Neil Moles said: “We’re very happy to welcome the team at Glendinning’s into Progeny.

“As near-neighbours, we know each other well and we have both seen opportunities for growth and progress in coming together.

“Our acquisition strategy is driven by our long-held commitment to providing a high-quality service to clients, with a high-performing and skilled team and our acquisition of Glendinning’s is very much in keeping with this.

“As we have said on many occasions, clients’ needs and concerns will always be paramount, and prioritised ahead of profit.

“We have a clear philosophy for growth, and clients – existing and future – will always be at the heart of this.

“This is why we have recruited a number of additional team members to ensure the integration of the Glendinning’s business is seamless and to be ready to hit the ground running for their clients from day one.

“In recruiting a number of new team members we’re also happy to help drive the post-pandemic recovery in the region and keep growing our business, and shaping the financial advice industry of the future.

“We are building a business, not buying one, and we’re passionate about creating an environment where exceptional financial planners can excel.

“We look forward to welcoming the Glendinning’s team and their clients to Progeny and offering them the chance to benefit from a vast range of additional professional services to meet all their legal and financial needs.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.