The Penny Group Strengthens Position with Acquisition of Kettering Advice Firm
- Simon Bourke
- Jul 3
- 2 min read
3rd July 2025
The Penny Group, the largest wealth management business within Openwork, has acquired Isham Financial Centre Limited, a well-established firm based in Kettering. This deal highlights the significance of structured succession planning in the wealth management sector.
Isham, founded and led by David Sawiak, has a long history of providing clients with advice on pensions, investments, insurance, and mortgages. With Sawiak now preparing for retirement, the acquisition ensures a smooth transition of client relationships and continued access to high-quality financial planning services under the Penny Group.
This transaction increases The Penny Group’s total assets under management to over £1.6bn, aligning with its strategy to grow responsibly while maintaining a personal approach to client service. Matt Grimes, Managing Director of The Penny Group, stated, "This is a prime example of how thoughtful succession planning can guarantee continuity for clients while creating new growth opportunities."
For firms considering exit strategies, this acquisition reinforces the importance of incorporating succession planning within a broader network strategy, providing reassurance to both clients and advisers. It also demonstrates how acquiring firms can leverage the long-term trust established by smaller firms, ensuring growth through integration rather than disruption.
At Chapters Capital, we specialise in financial planning and wealth management M&A and understand the importance of strategic acquisitions for growth. Whether you are considering a sale, merger, or expansion or want to learn more about buyers in the space, please contact one of our professional associates today for a confidential, no-obligation consultation.
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