Killarney's Gallivan Financial expands with further acquisition in Dublin

The deal to buy Tara Financial is the third acquisition by the Kerry company this year

Gallivan Financial’s founding director Tadgh Gallivan, managing director Fergal Smith, and founding director Annamaria Gallivan (back); Tara Financial’s founder and managing director Conor Martin and head of compliance Níamh Kelly (front).

Kerry-based Gallivan Financial has acquired Dublin-based Tara Financial.

It is the fifth new business that the financial planning and wealth management firm has acquired in the past two years.

Financial details of the deal were not disclosed. It is subject to regulatory approval but will be completed within a number of weeks.

The deal to buy Tara Financial is the third acquisition by Gallivan Financial this year and brings Gallivan’s total assets under management to over €850m and further expands its presence in the Dublin market.

With additional transactions currently in exclusive negotiations, Killarney-based Gallivan Financial remains on track to exceed €1bn in assets under management by the end of the year.

The company said it is well-positioned for future growth, having opened new offices in the Kery town.

“We’re thrilled to welcome the Tara Financial team into the Gallivan family,” said Gallivan Financial managing director Fergal Smith.

“Their client-focused philosophy and commitment to personalised advice align with our own values. 

This acquisition enables us to deepen our reach in Dublin, while also reinforcing our national expansion strategy.”

Since it was established in 2014, Tara Financial has grown its client base to more than 700 and now manages around €185m in assets, serving individuals and businesses across Dublin and beyond.

“After years of helping clients navigate life’s financial challenges with patience and care, we recognised the benefit of partnering with a larger firm that shares our values,” said Tara Financial founder and managing director Conor Martin.

“With Gallivan Financial, I’ll remain actively involved to ensure continuity, support our clients through transition, and help grow their future opportunities.”

Earlier this year, Gallivan Financial acquired Mount Street Group, which was its first move into the Dublin market, and Tralee-based Kelly O’Shea Pensions and Financial Services for an undisclosed sum.

Gallivan Financial is majority-owned by the Gallivan family, who sold its Gallivan Murphy Insurance Brokers (GMIB) business to US-based Assured Partners in 2022. Gallivan Financial was not part of that transaction and is now engaged in a significant expansion strategy.