Killarney financial planning and wealth management company acquires Dublin company

A financial planning and wealth management company based in Killarney has acquired a Dublin-based company for an undisclosed sum.

Gallivan Financial has acquired Doyle Pension & Insurance Management, a Dublin-based advisory firm.

This deal, combined with Gallivan’s recent organic growth, now brings the company’s total assets under management to more than €1.3 billion in total.

Gallivan Financial is majority-owned by the Gallivan family, who previously sold Gallivan Murphy Insurance Brokers to US-based Assured Partners in 2022; Gallivan Financial was not part of that transaction and has since been embarking on a significant expansion strategy.

Gallivan Financial has plans to grow the business further in order to expand its assets under management to more than €2 billion in the near future.

The agreement to buy Doyle Pension & Insurance Management means that Gallivan Financial has added six new businesses to the group since May 2023.

Gallivan Financial managing director, Fergal Smith says achieving the €1 billion assets under management milestone is a defining moment for the business and reflects the strength of their team, strategy, and the trust placed in them by clients and partners.

Doyle founder and chief executive, Stephen Doyle says it was important for them to find a partner that shared their values and could support the next phase of their business growth.