Expansion of SYS Financial Through Strategic Acquisitions
SYS Financial, a prominent advisory firm based in Ireland, has made significant strides in its growth strategy by acquiring two well-established financial planning practices. The latest acquisitions include Qifa Financial Planners, based in Co Cork, and Efficient Financial, located in Wicklow. These moves have increased the total assets under management to €650 million, marking a major milestone for the company.
Qifa Financial Planners is situated in Mallow and serves clients throughout Ireland. Founded in 2006 by its current managing director, Sean Lynch, the firm manages €76 million in client assets. Its long-standing reputation for quality financial planning has made it a trusted name in the region. With this acquisition, Qifa will now be part of the larger SYS Financial group, allowing it to benefit from enhanced resources and expanded services.
Efficient Financial, established in Arklow in 1976 by Henry Crummy, has been passed down through generations, with his sons Harry and Derek currently leading the business. The firm manages €50 million in client assets and brings a wealth of experience and deep community ties to the SYS family. Harry Crummy, who will take on a senior role at SYS, highlighted the advantages of joining a larger organization, including access to cutting-edge technology and broader expertise.
Leadership and Future Growth
Sean Lynch and Harry Crummy will play key roles within SYS Financial, helping to shape the future of the combined businesses. Mr. Lynch expressed excitement about the new chapter for Qifa Financial Planners, emphasizing that the move would benefit both the team and their clients. This sentiment is echoed by SYS Financial’s chief executive, Tony Delaney, who described the acquisitions as a landmark moment for the company.
Delaney noted that Qifa and Efficient Financial bring strong reputations, extensive client relationships, and decades of industry knowledge. These qualities align with SYS Financial’s goal of becoming the leading provider of client-focused financial planning in Ireland. The firm aims to grow its assets under management to over €1 billion by the end of 2025, with more acquisitions planned for the year.
A History of Growth and Innovation
Since its founding in 2015, SYS Financial has steadily expanded its operations, establishing offices in Nenagh, Cork, Dublin, and Waterford. The company serves a wide range of clients, including individuals, families, private wealth clients, and employers. It currently has a client base of more than 8,000 people across the country.
In addition to its recent acquisitions, SYS has continued to innovate in the financial services sector. In March 2023, the firm acquired Dublin-based Donald P McKenna & Associates, while in May 2024, it added Cork-based Global Life & Finance to its portfolio. Both firms were founded by experienced professionals, further strengthening SYS’s market presence.
More recently, SYS launched an expanded private health insurance advisory service, responding to the growing demand for tailored solutions amid rising health insurance premiums. This initiative underscores the company’s commitment to addressing the evolving needs of its clients and businesses.
Looking Ahead
As SYS Financial continues to expand, it remains focused on delivering high-quality financial planning services and fostering long-term relationships with its clients. The integration of Qifa Financial Planners and Efficient Financial marks a strategic step forward, reinforcing the company’s position as a leader in the Irish financial sector. With ambitious growth targets and a track record of successful acquisitions, SYS is well-positioned to achieve its vision of excellence in financial services.
