SYS Financial acquires Cork-based Qifa Financial Planners and Wicklow firm Efficient Financial
Qifa Financial Planners is based in Mallow with clients right across Ireland. The firm was founded by current managing director, Sean Lynch, in 2006 and manages €76m in client assets.
Efficient Financial was established in Arklow by Henry Crummy in 1976 and has since been succeeded by his sons, Harry and Derek. The firm manages €50m in client assets.
Mr Lynch and Harry Crummy will move into senior roles at SYS. 'Joining SYS Financial marks an exciting new chapter for Qifa Financial Planners, our team, and our clients,' said Mr Lynch.
With further acquisitions planned for 2025, SYS Financial expects to grow its assets under management to over €1bn by the end of the year.
'This is a landmark moment for SYS Financial as we welcome two highly respected firms into the group. Qifa Financial Planners and Efficient Financial bring outstanding reputations, deep client relationships, and decades of expertise to the table. These acquisitions strengthen our presence in key regional markets and reinforce our ambition to be the leading provider of client-focused financial planning in Ireland,' said SYS Financial chief executive Tony Delaney.
Efficient Financial director Harry Crummy said joining SYS Financial will give the firm access to 'enhanced resources, cutting-edge technology, and broader expertise'.
Founded in 2015, SYS Financial is headquartered in Nenagh and has offices nationally including in Cork, Dublin, and Waterford, offering financial solutions for employers, individuals, families, and private wealth clients. The company has a client list of more than 8,000.
In March 2023, SYS acquired Dublin-based Donald P McKenna & Associates for an undisclosed sum, while May 2024 SYS acquired Cork-based Global Life & Finance, which was founded in 2000 by Seamus Fox.
Last month, SYS launched an expanded private health insurance advisory service, focusing on businesses amid rising health insurance premiums.
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