Progeny is strengthening its wealth management offering with the move.

Progeny Group, a UK-based firm offering wealth management and private client legal advice, is supporting the management buyout of another British firm in this space, Quadrant Group. 

Under the arrangement, the Quadrant team will join Progeny and continue to focus on building its core wealth management offering, while offering clients an expanded range of services, including legal and tax advice, a statement from Progeny said today in a statement.

Financial terms of the arrangement were not disclosed.

A team from Progeny Corporate Law, led by director Alistair Scott-Somers, acted as legal advisor to Progeny on the transaction. Progeny Corporate Law is one of Progeny’s four business areas, which include Progeny Wealth, Progeny Asset Management and Progeny Private Law. Progeny Group has offices in Leeds and London.