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Davy Group to acquire 50 per cent of financial planning firm Metis Ireland.

20thMay 2019: Davy Group (J&E Davy Holdings) Ireland's leading provider of wealth management, capital markets and financial advisory services will acquire a strategic shareholding in Metis Ireland Financial Planning Limited (‘Metis Ireland’), a dynamic, fast growing and highly respected financial planning business. The transaction is subject to Central Bank of Ireland approval.

Established in Limerick in 2014 by a team with extensive industry experience, Metis Ireland has €195 million assets under management with offices in Limerick, Clonmel and Dublin. It will continue to trade as Metis Ireland and to operate as an independently regulated firm under the Investment Intermediary Act.

Commenting, Brian McKiernan, Chief Executive of the Davy Group said: “Like others in the industry we have been impressed with Metis Ireland’s growing reputation as a dynamic financial planning led advisory business. We are very pleased to support Metis Ireland in its ongoing progress and hope to identify areas of further collaboration as their business continues to expand.”

Metis Ireland Co-Founder and CEO, Carl Widger said: “We're proud to have built a thriving financial planning business by putting our clients at the centre of everything we do. Securing investment from a firm of Davy’s standing and scale is a significant endorsement of the Metis Ireland team. Although we will continue to operate independently, this investment will allow us to enhance both our client proposition and service delivery capabilities.”

This latest investment by the Davy Group reflects a parallel organic and acquisition led growth strategy that is focussed on increasing market share and accessing new markets. It brings to 9 the number of strategic acquisitions or investments by the Davy Group across the island of Ireland over recent years.

ENDS.

For information contact:

Pat Walsh | Murray | +353 1 498 0300 | +353 87 226 9345

 

Davy Private Clients is a division of J&E Davy. J&E Davy, trading as Davy, is regulated by the Central Bank of Ireland. Davy is a member of Euronext Dublin and the London Stock Exchange. In the UK, Davy is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request. Davy Asset Management Limited, trading as Davy Asset Management, is regulated by the Central Bank of Ireland. In the UK, Davy Asset Management is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request. Advance Fund Management Limited is regulated by the Central Bank of Ireland. Davy Corporate Finance is regulated by the Central Bank of Ireland. Davy Investment Fund Services is regulated by the Central Bank of Ireland. Davy Securities is regulated by the Central Bank of Ireland. Davy Fund Managers is regulated by the Central Bank of Ireland. iCubed Training, Research and Consulting, trading as iCubed, is regulated by the Central Bank of Ireland. Davy Private Clients UK is the trading name of J & E Davy (UK) Limited.  J & E Davy (UK) Limited is authorised and regulated by the Financial Conduct Authority.