Property Franchise Group acquires 85pc stake in financial services business

(Sharecast News) - Multi-brand property franchisor The Property Franchise Group has acquired an 85% stake in Smart Advice Financial Solutions, a leading financial services business. The Property Franchise Group said on Monday that it believes the acquisition will support its growth strategy by expanding its client base and strengthening its ability to drive mortgage, remortgage and protection activity across its property franchise network.

Smart Advice Financial Solutions provides mortgage and related financial services to clients.

Financial service director Michelle Brook said: "We're very pleased to welcome Smart Advice Financial Solutions to the group, further expanding our team of professional advisers. We see significant opportunity to scale the division across a broader footprint, and we remain focused on increasing advisor productivity alongside recruitment to support our ambitions."

As of 0840 GMT, Property Franchise shares were down 0.40% at 504p.







Reporting by Iain Gilbert at Sharecast.com