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  • TLT advises shareholders of Chartered Wealth Management on acquisition by professional services company

TLT has advised the shareholders of chartered financial advice firm, Chartered Wealth Management, on its acquisition by Leeds-based professional services company Progeny.

The acquisition of Chartered Wealth Management, a Manchester-based consultancy firm specialising in tailored financial planning and asset management services to high net-worth clients, brings the value of Progeny’s assets under management to £9 billion. The acquisition will also support its strategic growth plans

TLT has advised the shareholders of Chartered Wealth Management on the exercise of the Enterprise Management Incentive (EMI) options pre-completion and advised on all aspects of the sale of their shares to Progeny.

The team was led by corporate partner Ian Roberts, with support from legal director Kelly Clarke and corporate associates Kirsty Wilson and James Pike. The transaction also involved cross-practice expertise from legal director William Ngan and associate, Olivia Curtis from TLT’s tax team and managing associate Katie Marshall-Bailey in the employment team.

 Mark Stanbury, the founding director of Chartered Wealth Management said: We are really pleased to have been acquired by Progeny – a business which is growing in both profile and scale. We look forward to joining the expertise of our team to that of Progeny, to continue our mission to transform and improve financial advice for the better, for our clients and the industry at large. We’d like to thank TLT for their expert advice, which has enabled us to avoid any delays to the acquisition process.

 Partner Ian Roberts said: It was a pleasure to work alongside the team at Chartered Wealth Management as we finalised this deal. This is the latest in a flurry of financial services deals that our team in Manchester have supported on, demonstrating that Manchester remains a key hub in the UK for the financial services sector.” 

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Date published

14 March 2024


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