Nenagh-based financial services group SYS Group has entered into a strategic partnership with Dublin's PGM Financial Services to operate as a combined entity with more than €300m in assets under management.

The combined entity, trading as SYS Group, will offer financial planning and services to the Irish market across retirement planning, investments, savings, inheritance, succession planning and tax efficient structures.

PGM Financial Services has approximately €40m of funds under management which is now combined with SYS Group, which has offices in Nenagh as well as Dublin, Cork and Waterford.

SYS Group incorporates SYS Private, SYS Financial Planning , SYS Mortgages, SYS Tax & SYS Millennial Money Coach. The company has circa 6,000 clients and 40 members of staff.

The company was founded by CEO Tony Delaney as SYS Wealth & Financial Planners Ltd in 2015 before being renamed SYS Group two years ago. The group made a loss of €802,000 and had net assets of €2.5m last year.

In Association with

“I am delighted that we have entered into a strategic partnership with Patrick McEntee, trading as PGM Financial Services, which will consolidate our position as one of the leading advisory firms in the Irish market," Delaney said.

Patrick McEntee, director of PGM Financial Services, said: “I have chosen to partner with SYS Group due to their integrity and ability to advise clients with their expertise and offerings in retirement planning, bespoke investment offerings, mortgages, and tax advice.

"We have every confidence that our strategic partnership will bring an enhanced offering to all my clients and the market.”

Photo: Tony Delaney, CEO SYS Wealth & Financial Planners Ltd. (Pic: Johnny Bambury)