Leeds legal firm expands into Scotland with new acquisition

Leeds-headquartered wealth management and legal services company Progeny Group has announced its acquisition of Innovate Financial Services, which marks the organisation’s first expansion into Scotland.

Innovate has spent the past 10 years building a client base in Edinburgh, providing similar wealth management services to its new owner.

The company’s clients will now be able to benefit from the wider Progeny Group’s asset management, wealth planning and legal services.

Progeny Group managing director Neil Moles said of the takeover: “We are not pausing in the development of the Progeny Group.

“Edinburgh is a burgeoning commercial and financial centre and serves clients all over Scotland and Northern England.”

He added: “Innovate’s clients will now have access to the Progeny formula of wealth planning and management as well as legal advice in one place, offered with a transparent fee tariff.”

The managing director of Innovate Financial Services, Chris Donald, commented: “We are delighted to become to part of the Progeny Group and their first expansion into Scotland.

“The Progeny Group will provide our clients with a superior service and investment proposition as well as enhanced career opportunities for our employees.”

A team from Progeny Corporate Law, led by Alistair Scott Somers, acted as legal adviser to Progeny on the transaction.