Kerr Henderson Financial Services (KHFS) has been acquired by Ashtree Financial Services, creating one of the largest privately-owned financial planning practices in Northern Ireland.
The acquisition was made by Michael Blaney, owner of Ashtree, and former owner and group CEO of Autoline Insurance Group.
This new financial planning group will be responsible for over £1 billion of client assets, and will operate across three key areas: wealth management, workplace pension consultancy and financial wellbeing services.
Ashtree confirmed there would be no change to the Kerr Henderson brand — and all existing management, staff and contact points for clients remain in place.
However, moving forward, it said all group risk and mental and physical wellbeing services will be delivered via a strategic partnership with Incorporate Benefits LLP, which will see Kerr Henderson and IB continue working together.
Ashtree says this move is the latest step in its growth strategy, enabling it to further invest in its people and technology. It said it is seeking to make further strategic acquisitions, to enhance client outcomes and service and differentiate itself from competitors.
