Orchard Financial Management acquired by Newcastle Society

This acquisition is part of the financial adviser’s strategy to ensure continued access to dependable financial advice across the region.

The purchase sees the incorporation of around 200 customers from Orchard Financial Management into Newcastle Financial Advisers Limited, a subsidiary of Newcastle Building Society.

These customers will now have access to face-to-face financial advice services throughout the building society’s 32 locations.

Orchard Financial Management was established in Chester-le-Street, County Durham, in 1998 by Graeme Leigh.

The company provided investment, pension, and protection advice, growing steadily through word-of-mouth recommendations.

Following his decision to retire, Mr Leigh, alongside his wife Michele, sought a smooth transition of the business.

They found this in Newcastle Financial Advisers, attracted by the company’s dedication to building enduring customer relationships and its market expertise.

Mr Leigh said: “The top priority for Orchard Financial Management was to find the right and trusted home for our clients.

“Newcastle Financial Advisers has a fantastic reputation and we’re impressed by its strong high street presence both in County Durham and throughout the North East, North Yorkshire, and Cumbria, which will help to ensure a smooth transition and integration of our local client base.”

Managing director of Newcastle Financial Advisers, Iain Lightfoot, shared his enthusiasm for the acquisition, noting the alignment in values between the two businesses.

He said: “We’re pleased to be able to welcome Orchard Financial Management’s customers to Newcastle Financial Advisers Limited.

“Graeme’s focus on fostering long-term relationships based on a foundation of trust is one that very much aligns with our own purpose, and the acquisition of his business therefore feels like an organic fit for Newcastle Financial Advisers.”

Newcastle Financial Advisers Limited intends to continue providing personalised, reliable financial advice to the newly acquired customers.

This will be delivered by their experienced local advisers, available face-to-face across the building society’s branch network, and remotely via video call.

The customers will also benefit from the support of the company’s in-house team, which assists advisers in delivering advice and maintaining ongoing customer service.

Newcastle Financial Advisers Limited operates as a subsidiary of Newcastle Building Society, offering financial advice across its 32 locations.