Davy Stockbrokers to buy Belfast-based financial adviser

The acquisition of PFC will bring Davy's assets under management in Northern Ireland to £1.25 billion

Davy Stockbrokers is buying Belfast-based PFC Pic: RollingNews.ie

Davy Stockbrokers has agreed to buy a leading Belfast-based financial adviser Pension & Financial Consultants (PFC), which has 4,000 clients and £600 million (€850 million) of assets under management.

The deal, which is subject to approval from the Financial Conduct Authority, is expected to close early next year. It will establish Davy Private Clients as the leading wealth manager in Northern Ireland, with assets under management of £1.25 billion and more than 65 ...