Nenagh-headquartered financial services group SYS Group has acquired Dublin-based Donald P McKenna & Associates for an undisclosed sum.
The acquisition will bring overall assets under management by SYS Group to over €315m (£280m, $335m) and further builds upon SYS Group’s position in the Irish financial planning sector.
Donald P McKenna & Associates specialises in financial and retirement planning and has approximately €15m of funds under management, which is now combined with SYS Group. The company was founded in 1986 by Don McKenna, who will continue in his role as a financial planner with the business.
Tony Delaney, chief executive of SYS Group, said: “I am delighted to announce SYS Group’s acquisition of Donald P McKenna & Associates. This will enable us to continue to build upon our position as one of the leading advisory firms in the Irish market and significantly enhance our presence in Dublin. Don’s expertise and his reputation in the industry is of the highest calibre and he will make an excellent addition to our team.”
This acquisition comes following SYS Group’s strategic partnership with Dublin-based PGM Financial Services announced at the end of 2022.
Originally called SYS Wealth & Financial Planners, the company was founded by Delaney in 2015 and became SYS Group in 2020. With expertise across a wide array of financial specialist areas, the company provides an advisory offering across retirement planning, investments and savings, inheritance and succession planning and in particular tax-efficient structures.
As well as Nenagh, SYS Group has offices in Dublin, Cork and Waterford. It incorporates SYS Private, SYS Financial Planning, SYS Mortgages, SYS Millennial Money Coach, in addition to its business partnership with SYS Tax.
