Davy Private Clients UK, a wealth manager based in Northern Ireland, has agreed to acquire Belfast-based wealth manager Graham Corry Cheevers.
Graham Corry Cheevers, which offers investment management, stockbroking and financial advisory services in Northern Ireland, has approximately 2,500 clients with £230m assets under management.
The firm is headed up by its three founding partners Brian Corry, Gavin Graham and Nigel Cheevers. Following completion of acquisition, scheduled on 1 June 2015, partners and team of Graham Corry Cheevers will relocate to Davy’s private client business in Donegall Square, Belfast.
Davy Private Clients UK chief executive Stephen Felle said: "Davy is now a major player in the Northern Ireland financial services market, offering clients high quality financial advice and global investment solutions.
"We see Northern Ireland as an area of key growth for the firm and plan to further consolidate this position in the near term as we continue to assess further strategic acquisitions like Graham Corry Cheevers."