Multi-disciplinary professional services firm, Progeny, has acquired Chartered financial advice firm, Chartered Wealth Management.

This will take Progeny’s total assets under management to £9bn.

With offices in Manchester and London, Chartered Wealth Management offer tailored financial planning and asset management services to high-net-worth clients.

They are a team of 21 members of staff, with nine Chartered financial planners and wealth managers, with a collective 170 years’ experience in providing financial help and advice.

Mark Stanbury, Founding Director of Chartered Wealth Management, said: “This is an exciting day for our team and our clients, as we join Progeny a business rapidly growing in scale and profile.

“We look forward to being part of this unique business as well as the mission to transform and improve financial advice for the better, for our clients and the industry at large.”

Progeny CEO, Neil Moles, said: “It’s a pleasure to welcome such a prestigious and high-performing business into Progeny, one which is forward-thinking and committed to excellence in equal measure.

“This is the culmination of a five-year search for the right firm, one that will allow us to expand into a new geography but which also crucially meets the strict criteria we set for our acquisition targets around average client size and age, as well as the age and ambition of the firm’s team.”

“With Chartered Wealth Management onboard, we look forward to building our presence and extending our proposition in the north west of England. There are exciting times ahead.”

A team from global law firm Squire Patton Boggs acted as legal adviser to Progeny during the deal and law firm TLT acted for shareholders of Chartered Wealth Management.