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Wolves IFA buys up firm

Wolverhampton IFA Newell Palmer & Associates is buying three-RI firm Collinge Rayner for an undisclosed sum.

Seven-RI Newell Palmer says the acquisition of Birmingham-based Collinge marks a big step forward and is one of a series of planned purchases.

Corporate specialist Newell Palmer assists private and business clients in tax-free property purchases. The deal is its fourth acquisition in 18 months and it recently appeared on the Inner City 100 list, which locates the 100 fastest-growing inner-city enterprises in the UK.

Newell Palmer is part of a group of IFAs called Newell Palmer Partnerships, including Lowe McTernan, Crombies Financial and KGJ-Annan, which between them have 11 RIs.

Sales director Paul McElroy says: “The firm has grown significantly in the short time since it was established and we are now in an excellent position to increase our share of the West Midlands market.”

Collinge Rayner former managing director Andrew Collinge, said: “This marks an exciting development in the area of personal financial advice.”

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