Irish financial planning and wealth management firm SparksWealth has announced the acquisition of the life and pensions division of Tom Gallagher Insurance Ltd T/A Gallagher Insurances.

This strategic acquisition further strengthens SparksWealth’s position as a specialist in personalised financial planning, expanding its client base and enhancing its footprint in the life and pensions market.

Clients of Gallagher Insurances' life and pensions division will now benefit from access to SparksWealth’s wider range of services, including tailored wealth management, retirement planning, and investment advisory expertise.

Gallagher Insurances will continue to serve its general insurance clients independently.

The transition of life and pensions services to SparksWealth Ltd is already underway, with both companies working closely to ensure a smooth handover and uninterrupted service for all clients.

Clients affected by the transition will receive direct communication from both Gallagher Insurances and SparksWealth Ltd outlining next steps and key points of contact.

SparksWealth were advised on the transaction by Karl Cleere of Solara Corporate Finance, who said: “We were very pleased to assist the team at SparksWealth on this transaction.

“There are lots of exciting acquisitions happening in this sector and this transaction positions SparksWealth to be at the forefront of this activity, reinforcing and increasing their prominent place in Irish financial planning and wealth management industry.”

“We are delighted to welcome Gallagher Insurances’ life and pensions clients into the SparksWealth family,” said Will Sparks Managing Director, SparksWealth.

“This acquisition aligns with our long-term growth strategy and reinforces our commitment to delivering clear, insightful, and dependable financial advice to individuals and families across Ireland.”