Image via Davy

Davy, Ireland’s largest provider of wealth management and investment banking services, is pleased to announce further investment in its Limerick-based operations, servicing Limerick and the broader Mid-West Region, which has seen significant wealth growth in recent years.

The firm has opened a new dedicated office on 125 O’Connell Street, sharing a building with the Bank of Ireland branch, led by Limerick native and experienced wealth adviser James Rael.

The office will be supported by a team of six regional wealth specialists and financial planning, tax and investment teams based in Davy’s Dublin headquarters.

Strong growth in Limerick and the Mid-West
The move comes on the back of very strong growth in demand for Davy’s wealth management services across Limerick City and County in recent years, with client numbers almost doubling and assets under management more than trebling over the past five years.

Growth in Limerick has significantly outpaced the wider group average over the same period.

A similar trend is evident across the wider Mid-West region, with both Clare and Tipperary also recording strong growth in client numbers and assets under management since 2021.

Davy attributes the growth of its Limerick business to a combination of factors, including strong growth in high-value multinational employment in recent years.

The average disposable income of individuals living in Limerick was the second-highest of any county in Ireland in 2024 (the most recent year for which data is available), behind only Dublin and ahead of Cork.

There is also an established base of Irish-owned businesses of scale (circa 70), with manufacturing, construction, wholesale and services as the most prevalent industries.

New company registrations in the past five years numbered more than 2,000, making up close to 30% of all companies registered in the county.

Commenting, James Rael, who leads Davy’s Limerick office, said:

“Limerick is rapidly growing as an exciting hub for business, as demonstrated by the significant growth in new businesses and new Davy clients.

We’re delighted to officially open our new office to service Limerick and the wider Mid-West region. We expect that this will only continue to grow in strength in the coming years.”