Wealth manager and retirement adviser NFP has bought Irish financial advisory firm Simon Shirley Advisors Limited (SSA) for an undisclosed sum.
Based in Dublin, SSA is a boutique financial adviser firm, led by founder and chief executive Simon Shirley. It advises companies and multinational businesses on all aspects of employee benefits and pensions, while supporting individuals with retirement, savings, investments and family protection needs.
As of 31 December 2021, SSA’s funds under advice amounted to over €180m (£154m, €192m).
The entire SSA team will join NFP, including Simon Shirley, who will take the lead role in building NFP’s wealth management business in Ireland.
In the short term, SSA will continue to operate under its existing name and there will be no immediate change for customers. In time, the business will be integrated under the NFP brand.
Fourth acquisition
Matt Pawley, managing director, UK and Ireland, at NFP, said: “As the Irish economy continues to flourish, we see the employee benefits and wealth management sectors providing a large growth opportunity.
“With this latest acquisition of Simon Shirley Advisors, we are building scale, with a terrific base of clients and talent from which to continue developing and growing our presence in the market. Simon and his team bring a breadth and depth of experience in the Irish market, particularly around employee benefits and working with high net-worth individuals.”
This is NFP’s fourth acquisition in the Irish market during the past two years, having previously bought HMP Insurance and Pensions Advisors, Aiken Insurance Limited, and more recently, ReSure Corporate Brokers.
New York-headquartered NFP has operations in the US, Canada, the UK, Ireland and Puerto Rico. The firm is a property and casualty broker, benefits consultant, wealth manager and retirement adviser.
