Fast growing adviser firm Progeny Group has made its third acquisition this week with deals to buy Financial Planning firms in Bucks and Sussex.

The Financial Planning, asset management and legal services group has bought Quest Financial Solutions of High Wycombe, Bucks and Juno Wealth Management of Bolney, West Sussex for undisclosed sums.

Earlier in the week Progeny, based in London, Leeds and Salisbury, announced it was buying Scottish Financial Planning firm Innovate Financial Services.

Progeny says that Quest and Juno have built up “enviable reputations” for client service in their areas of operation in Buckinghamshire and Sussex.

Quest’s and Juno’s clients will be added to Progeny Group’s business which offers asset management, wealth planning and private and corporate legal services.  Management teams and staff Quest and Juno will join Progeny.

The latest acquisitions, as well as the recent acquisition of Innovate Financial Services in Edinburgh, will see Progeny’s national headcount double and increase the group’s assets under advice, now well over £1bn. The firm employs more than 45 investment professionals and more than 20 lawyers.

Neil Moles, managing director of Progeny Group, said: “We look forward to welcoming Quest Financial Solutions and Juno Wealth Management to the Progeny family and adding their skills to our transparent full-service offering, providing in-house wealth and legal advisory services.”

John Francis, managing director at Quest Financial Solutions, said: “Progeny’s progress over the last two years has been hard to ignore, its track record of advising business owners, family wealth and individuals with complex wealth management needs aligns with our offering. 

“Something we are excited to add to our proposition is a full suite of legal services which we believe to be crucial when continuing to provide our clients with the holistic solutions they deserve.”

Tracey Evans, principal adviser and director of Juno Wealth Management, added: “Our existing service delivers lifetime Financial Planning and advice at the highest level of professionalism. Progeny has a similar long-term approach of looking to the future, identifying the trends in the way our clients are living and thereby helping them safeguard their wealth.”

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