CEO says deal will enable broker to focus on core business
Independent financial adviser Foster Denovo has bought John Holman & Sons’ IFA business.
Holman’s CEO Andrew Holman said that the deal with Foster Denovo would enable his firm to concentrate on its core insurance broking business.
He said: “In light of the ever increasing complexity of financial advice and regulation, we have enlisted the support of a large provider specifically focused in this arena to ensure our clients’ long term protection and support.
“The transfer of the financial services division will allow John Holman’s & Sons to concentrate on, and develop, our general insurance broking business within Lloyd’s and the London insurance market.”
Foster Denovo CEO Roger Brosch, said: “The acquisition of John Holman and Sons IFA business is a very good fit with this strategic intent, bringing both quality clients and advisors to our thriving City of London office. It will also enhance and broaden the range of services offered to clients and ensure that the excellent relationship they have had with Holman’s is continued post-retail distribution review.”
