Financial Services Acquisition
The Property Franchise Group PLC has acquired an 85% stake in Smart Advice Financial Solutions Ltd, a financial services business with 34 advisers, increasing TPFG's financial services network to 315 advisers. This strategic acquisition is expected to support the Group's growth by expanding its client base and enhancing its ability to drive mortgage, remortgage, and protection activity across its property franchise network.
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The Property Franchise Group PLC, the UK's largest multi-brand property franchisor, is pleased to announce the acquisition of an 85% stake in Smart Advice Financial Solutions Ltd ("SAFS"), a leading financial services business.
SAFS is an appointed representative firm of Mortgage Advice Bureau, the wholly owned subsidiary of AIM-listed Mortgage Advice Bureau (Holdings) plc ("MAB"), one of the UK's leading networks for mortgage intermediaries.
SAFS provides mortgage and related financial services to clients with 34 highly motivated advisers, increasing TPFG's financial services network to 315 advisers.
The Board believes the acquisition will support the Group's growth strategy by expanding its client base and strengthening its ability to drive mortgage, remortgage and protection activity across its property franchise network.
Financial Service Director, Michelle Brook, commented: "We're very pleased to welcome Smart Advice Financial Solutions to the Group, further expanding our team of professional advisers. We see significant opportunity to scale the division across a broader footprint, and we remain focused on increasing advisor productivity alongside recruitment to support our ambitions."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.