SYS Group, the Nenagh headquartered financial services group, has announced that it has acquired Dublin-based Donald P McKenna & Associates for an undisclosed sum. This acquisition will bring overall assets under management by SYS Group to over €315 million. This latest acquisition further builds upon SYS Group’s position as one of the leading Irish financial planning and services businesses.
Donald P McKenna & Associates specialises in financial and retirement planning and has approximately €15 million of funds under management, which is now combined with SYS Group. The company was founded in 1986 by Don McKenna, who will continue in his role as a Financial Planner with the business.
As well as Nenagh, SYS Group has offices in Dublin, Cork and Waterford. It incorporates SYS Private, SYS Financial Planning, SYS Mortgages, SYS Millennial Money Coach, in addition to its business partnership with SYS Tax. The multi-award-winning company has circa 6,000 clients and forty members of staff.
Tony Delaney, CEO, SYS Group said: “I am delighted to announce SYS Group’s acquisition of Donald P McKenna & Associates. This will enable us to continue to build upon our position as one of the leading advisory firms in the Irish market and significantly enhance our presence in Dublin. Don’s expertise and his reputation in the industry is of the highest calibre and he will make an excellent addition to our team.”
Donald P. McKenna, Founder of Donald P. McKenna and Associates said “I am extremely pleased to be working with SYS Group. I believe we are closely aligned in terms of our shared values and our mutual appreciation of the importance of integrity, honesty and dedication when working on behalf of clients. I believe our clients will be very well served by this deal and I look forward to seeing what we will accomplish together.”
This acquisition comes following SYS Group’s strategic partnership with PGM Financial Services, announced at the end of 2022.
Originally called SYS Wealth & Financial Planners Ltd., the company was founded by Tony Delaney in 2015 and became SYS Group in 2020. With expertise across a wide array of financial specialist areas, the company provides an advisory offering across Retirement Planning, Investments & Savings, Inheritance & Succession Planning and in particular the whole area of Tax Efficient Structures.