Bringing you live news and features since 2006 

Neil Moles, Progeny

Progeny announces international expansion with plans to acquire The Fry Group


Multi-disciplinary professional services firm, Progeny, has announced plans to acquire The Fry Group, marking its expansion into international markets.

Multi-disciplinary professional services firm, Progeny, has announced plans to acquire The Fry Group, marking its expansion into international markets.

The deal, subject to regulatory approval, will allow Progeny to extend its boundaries beyond the UK and increase its total assets under management to more than GBP5.5 billion. The Fry Group are tax, estate and financial planning experts, with a team of 191 employees across four offices in the UK (London; Worthing; Cheltenham; Exeter) and four international offices (United Arab Emirates; Singapore; Hong Kong; Belgium).


Established in 1898 by Thomas Fry, the award-winning group is one of the oldest wealth management firms in the world. David Pugh, CEO, The Fry Group, says: “The Fry Group and Progeny are a great fit and we’re excited about this next stage in our journey.

“We are both values-based businesses with a sharp focus on clients, building trust and long-lasting relationships with them and aiming to always exceed their expectations.

“The wellbeing of our team is a priority, and, in this area, we have more common ground with Progeny, who share our passion for attracting, inspiring and developing exceptional people.

“I’m looking forward to the new possibilities, the additional services we can offer our clients and the scope for scaling up that joining Progeny will bring.”

Neil Moles, CEO of Progeny, says: “We’re proud to announce the international expansion of the Progeny brand and what better way to do it than with a business as prestigious and long-established as The Fry Group.

“This is a thrilling new front for us, which will bring fresh new opportunities for our clients, our team members and for Progeny as a growing and ambitious firm.

“We are always focused on new horizons and on pushing ourselves to meet fresh challenges. Our aim is not just to help our clients meet their existing goals but to create the aspirational and supportive environment for them to achieve new ones.

“I’m delighted to welcome The Fry Group to Progeny and look forward to delivering on our joint potential and to the progress we can make together.”

A team from Progeny’s corporate legal department acted as legal adviser to Progeny on the transaction.

Latest News

Sprott Asset Management, a wholly-owned subsidiary of Sprott Inc has announced the launch of four ETFs focused on providing investors..
Tradeweb Markets Inc. has reported total trading volume for January 2023 of USD23.2 trillion (tn). Average daily volume (ADV) for..
Strive Asset Management has launched its eighth index fund: the Strive Emerging Markets Ex-China ETF (STXE). The firm writes that..
Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by