fbpx
Foster Denovo|News & opinion|News|Profits growth point to spending spree

Profits growth point to spending spree

Roger Brosch, Chief Executive Officer, said Foster Denovo could return to the acquisition trail again after reporting stronger profits and turnover for last year.

Mr Brosch said that significant levels of pre-RDR investment had also paid off, with strong organic growth coming as a result of the work done before the 1 January implementation date.

He said: “We have undertaken a great deal of work in the lead-up to RDR, which has further built on the deep foundational values that have guided our success to date.

“These results have also been supported by the acquisition activity that we undertook in 2011 and 2012, which was successfully integrated during the period and we remain excited by the prospect of further acquisition opportunities in the future.”

Among the firms that have been purchased by Foster Denovo so far are wealth manager Barker Poland and the IFA arm of insurance broker John Holman & Sons.

Please read the full article here.

prev
next
Find me an adviser
Start your search
Register

Keep up to date with our latest news

Newsletter sign up

Sign up to receive our bi-monthly newsletter Smart Money.
  • This field is for validation purposes and should be left unchanged.
Find me an adviser
accordian map downloadplusminus play-video select-box close downloadmapmapmap mapmapmapselect-boxmap mapvideo arrowarrow arrow