Progeny said the deal will allow Progeny to further expand its presence in the South of England.

Coll Perkins is a Financial Planning firm specialising in retirement planning, multi-generational advice, widows and divorcees. It is based in Fareham, Hampshire.

It was founded by Chartered Financial Planner Mark Perkins in 2011.

Mr Perkins said: “Joining a multi-disciplinary professional services firm like Progeny will allow us to grow and develop while staying true to our values and founding principles.

“It will also bring benefits of scale and scope and comes with new opportunities for our team and our clients.

“We can continue to deliver exceptional service and build long-lasting and trusting relationships, while now offering them an even wider range of market-leading services.

“The ethos of Progeny closely matches our own and we’re looking forward to the fresh potential and productive results that joining them will bring.”

Neil Moles, CEO of Progeny, said: “They will bring new skills and expertise into the mix and the way they operate, engage with their clients and conduct business will ensure they fit right in.

“We are looking forward to extending our footprint in Hampshire and the south of England and to the real value that Coll Perkins will add to our proposition.”

Progeny has made a number of acquisitions over the past year.

In February it acquired Chartered Financial Planning firm RU Group, adding £3bn in assets under management. 

In November it acquired Yorkshire-based Financial Planning firm JM Glendinning Financial Services. 

US-based private equity firm Further Global Capital Management acquired a majority stake in the five-year-old Progeny business in October, to accelerate the Financial Planning firm’s expansion.

Both management and Progeny’s existing capital partner, LSG Holdings, remain invested as significant shareholders in the company.

Progeny has eight offices across the UK, including London, Leeds, Edinburgh and Bucks. Services include Financial Planning, asset management, tax, HR and private and corporate legal advice and support.