Gallivan Financial, the Killarney-based financial planning and wealth management company, has reached agreement to acquire Limerick-based financial advisory company FJ Hanly & Associates for an undisclosed sum.
It will increase Gallivan Financial’s overall assets under management to more than €400 million. Gallivan has plans to grow the business to €1 billion under management over the next 18 months through a combination of further acquisitions and organic growth.
The company has a growing presence within the Munster region and is planning further acquisitions, both within its existing geographic footprint and further afield.
Gallivan Financial is majority owned by the Gallivan family, which sold its Gallivan Murphy Insurance Brokers (GMIB) to the US insurance broking group Assured Partners in 2022. Gallivan Financial was not part of that transaction and is now on a major growth trajectory.
FJ Hanly & Associates is a well-respected firm, dedicated to helping its clients do more with their money. Led by principal Fergus Hanly, it has been providing personalised and professional financial advice to companies, directors, families and individuals for over 20 years.
The transaction, which is subject to the customary regulatory approvals, is anticipated to complete within the next few weeks and following the acquisition, Gallivan Financial will have 20 staff at its offices in Killarney and Limerick.
Fergal Smith, Gallivan Financial Managing Director, said: “This will enable us to continue to build upon our position as one of the leading wealth management advisory firms in the region. It will also significantly enhance our ability to provide a stronger advice model to all our clients into the future.”
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