Davy ups presence in North by acquiring Square Seven

Davy Stockbrokers has acquired Northern Irish wealth management firm, Square Seven Financial Planning, which has 400 clients and £75m (€89m) of assets under management for an undisclosed fee.

The move increases Davy’s foothold in the North. It opened an office there in 2007 and has 10 people working in its private client’s division.

“During 2013 Davy Private Clients (NI) grew its assets under management by over 20%, excluding market growth,” said Stephen Felle, managing director of Davy’s Belfast office.