Killarney's Gallivan Financial acquires third Dublin financial firm

Fergal Smith, Gallivan Financial managing director, Stephen Doyle, founder and chief executive of Doyle Pension & Insurance Management, and Tadgh Gallivan, co-founder of Gallivan Financial.

Killarney firm Gallivan Financial has acquired advisory firm Doyle Pension & Insurance Management for an undisclosed sum, its third acquisition of a Dublin firm in less than a year.

It is the sixth acquisition for the financial planning and wealth management firm over the past three years, and this most recent deal brings the company’s total assets under management (AUM) to more than €1.3bn. 

The firm said it has plans to grow the business further in order to expand its assets under management to more than €2bn in the near future.

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. 

The Doyle acquisition means that Gallivan Financial is now the largest fully Irish-owned wealth and pensions advisory firm in the country. 

Most recent accounts for Gallivan Financial show the firm recorded revenues of €1.77m for the 12 months to the end of March 2025, up from €1.01m the previous year.

“Achieving the €1bn AUM milestone is a defining moment for our business and reflects the strength of our team, our strategy, and the trust placed in us by our clients and partners," Fergal Smith, Gallivan Financial managing director, said. 

"Doyle Pension & Insurance Management brings deep technical expertise and long-established client relationships, making this an excellent fit as we continue to expand our Dublin footprint and national presence. 

Firm targeting AUM of €2bn

"Gallivan Financial is now targeting AUM of €2bn in the medium term as we continue to expand through acquisitions and organic growth.”

Doyle Pension & Insurance Management had grown its client base to approximately 3,000 customers and now manages €260m in assets on behalf of private clients and businesses across Dublin and the surrounding region. 

Founder and chief executive, Stephen Doyle, said: "I am confident that this move will maintain the ongoing service we provide while preserving the professional standards that our clients receive. 

"Together, we will continue to deliver personal financial planning advice with the support of expanded resources and a shared commitment to long-term client success.” 

Mr Smith added: “We have made three acquisitions in the Dublin market in less than 12 months, and we see significant additional scope for consolidation within the wealth management sector in Dublin and across the Irish economy.”