Carson McDowell Acts For PFC In Sale to Davy Stockbrokers

01 December 2015


Carson McDowell has acted on behalf of leading Belfast-based financial adviser Pension & Financial Consultants (PFC) in its sale to Davy Stockbrokers.

The decision will create a strong wealth management force in Northern Ireland’s financial services market place, securing the long term future of the firm and providing an exciting opportunity for both PFC clients and staff.

Established in 1995 PFC has 34 staff. Ahead of this acquisition the firm was listed as one of the top three independent financial advisory firms according to MyTouchstone, the UK’s number one IFA database. It is also one of the first multi-practitioner Chartered financial advisory firms in Northern Ireland.

The Davy group is Ireland’s leading provider of wealth management, asset management, capital markets, and financial advisory services. Davy is headquartered in Dublin, with offices in London, Belfast, Cork and Galway. Employing over 610 people, Davy offers a broad range of services to private clients, small businesses, charities, credit unions, corporations and institutional investors.

This is Davy’s third acquisition in Northern Ireland in recent years, following the purchase of Square Seven Financial Planning in 2014 and Graham Corry Cheevers in April 2015 for whom  Carson McDowell also  acted.

Managing Partner of Carson McDowell, Michael Johnston, said:

“We have acted for PFC for many years now so we were very pleased to be asked to advise in this matter given that relationship, together with our experience in the area of mergers and acquisitions, particularly in the financial services sector, in which we have seen a lot of activity recently.”

Commenting, Stephen Warke, Managing Director of PFC, said:

“During our 20 years in business our primary aim has always been to provide the best advice possible focused on our clients’ needs and requirements. Having considered the matter in great detail over the last year we now feel the time is right to bring together the strengths of our business with that of another leading firm who have the same principles. We have been highly selective in choosing Davy and believe together we are best placed to serve our clients’ needs through our unique strength and depth of resources across pensions, financial planning, investment and wealth management. We are very excited at the potential this transaction provides for our clients and staff alike.”

Once approved by the Financial Conduct Authority, PFC’s directors and staff will transfer from their offices at Quayside Office Park to Davy’s Northern Ireland offices at Donegall Square, Belfast.