Davy Private Clients UK, a division of the Davy Group, has acquired the Northern Ireland-based wealth management firm Pension & Financial Consultants Limited (PFC).
PFC has around 4,000 clients and €850m of assets under its management.
The deal means Davy now manages assets worth more than €1.76bn, while PFC’s directors and staff will move to Davy’s new Northern Ireland headquarters in Belfast.
The firm has been expanding its presence in Northern Ireland in recent years and this is Davy’s third acquisition there this financial year.
The acquisition, which is subject to Financial Conduct Authority approval, is expected to be completed early next year.
