IN BRIEF: Property Franchise buys ownership stake in SAFS

Property Franchise Group PLC - Bournemouth, England-based property franchisor and financial services provider - Acquires an 85% stake in ‘leading’ financial services provider Smart Advice Financial Solutions Ltd. Notes that SAFS is an appointed representative firm of Mortgage Advice Bureau Holdings PLC subsidiary Mortgage Advice Bureau. Property Franchise says it believes the acquisition will support its growth strategy by expanding its client base and strengthening its ability to drive mortgage, remortgage and protection activity across its property franchise network.

Financial Services Director Michelle Brook comments: ‘We’re very pleased to welcome Smart Advice Financial Solutions to [Property Franchise], further expanding our team of professional advisers. We see significant opportunity to scale the division across a broader footprint, and we remain focused on increasing advisor productivity alongside recruitment to support our ambitions.’

Current stock price: 504.25 pence

12-month change: up 26%

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