Howden expands financial advisory team with Thomond Asset Management acquisition - Business Plus
Insurance groupHowdenhas announced the acquisitions ofThomond Asset Management, the trading name of Folk Asset Management Limited. The deal represents another step in Howden's efforts to expand its financial. . .
Insurance groupHowdenhas announced the acquisitions ofThomond Asset Management, the trading name of Folk Asset Management Limited. The deal represents another step in Howden's efforts to expand its financial advisory team in Ireland while scaling its business and adding technical expertise. Founded byTom Fitzgerald,Neal KellyandDavid O’Neill, Thomond Asset Management provides advice on financial planning for individuals and business owners, pensions (pre- and post-retirement), investments, and estate planning. Howden recently bolstered its financial advisory capabilities with the acquisitions of Galway'sMaven Financial Planningin April andOpes Wealth Trustin May. Thomond’s team of nine will join Howden as part of its financial advisory team. The group established its financial advisory team last year and it now encompasses over 80 people led byDermot Gaskin. "Thomond Asset Management has built a strong wealth management business in Limerick City, with values that closely align to our own. Thomond’s focus on long-term client relationships, built on trust and openness, mirrors our commitment to putting clients at the centre of everything we do," said Gaskin. "This acquisition will offer their clients an even wider range of services, while ensuring they continue to access expert advice close to where they are based. I’m delighted to welcome Tom, Neal, David and the wider team to Howden. ”Thomond Asset Management made a profit of €73,860 in 2024, the last year for which accounts are available, bringing its net assets to €135,800. Turnover increased from €1. 44m in 2023 to €1. 69m. Dermot Gaskin, financial advisory managing director for Howden. Fitzgerald, O'Neill and Kelly said: “We’re excited to join Howden as its first Financial Advisory acquisition in Limerick City. "This partnership means our clients will benefit from greater resources and broader expertise, but with the same personal service they value today. We look forward to continuing to support our clients across all aspects of their financial planning and insurance needs. ”Photo: (l-r) Nick Baird, Head of Strategy & Digital, Howden Financial Advisory; Tom Fitzgerald, Co-founder & Managing Director, Thomond Asset Management; David O’Neill, Co-founder & Director, Thomond Asset Management; Neal Kelly, Co-founder & Director, Thomond Asset Management; and Dermot Gaskin, Financial Advisory Managing Director, Howden. Sign up to The Business Plus Panel to help shape the business decisions of tomorrow and win vouchers for your opinions!