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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Irish Sun
2 hours ago
- The Irish Sun
Heartache for Bayesian yacht victim Mike Lynch's family – estate faces bankruptcy after court demands it hand over £700M
IT was a tragedy that claimed the lives of a billionaire father and his daughter, drowned in a storm at sea. British tech entrepreneur Advertisement 6 Mike Lynch and daughter Hannah drowned at sea while out on his £38million yacht Bayesian Credit: PA 6 Mike's wife Angela Bacares was pulled to safety by a crew member 6 The Bayesian disaster claimed the lives of seven people last August Credit: PA As the boat sank rapidly, his wife Now, as the one-year anniversary approaches next month, 58-year-old businesswoman There is the The case was brought six years ago by HP after they acquired his company Autonomy in 2011. Advertisement read more on mike lynch The firm claimed Lynch and the former chief financial officer had fraudulently inflated its value. While Lynch was facing court action in America, HP was already chasing him through the civil courts in Britain — leading to this week's damages ruling. The High Court ruled that HP had paid a lot more than it would have done 'had Autonomy's true financial position been correctly presented' during the sale. If his estate — which goes to Angela and her remaining daughter Esme, 22 — ends up having to pay, it will almost certainly be bankrupted, leaving no inheritance for the family. Advertisement Most read in The Sun It is believed Lynch shielded his wife's personal fortune from the messy court cases. She owned millions of pounds worth of shares held in her name in other family firms. I found doomed Bayesian I saw still haunts me And she made more than £15million from the sale of her shares when Autonomy was taken over. One pal told us: 'Mike wasn't perfect but he wasn't a criminal in any way, shape or form. Advertisement He had asked various Cabinet ministers and Prime Ministers, including and Boris Johnson, to help him. 'Rishi and Johnson were more interested in making post-Brexit trade deals than making any trouble on Mike's behalf. 'Rishi and Johnson were more interested in making post-Brexit trade deals than making any trouble on Mike's behalf. 'These cases hung over him for years and he ended up under house arrest in San Francisco unable to leave for months, facing charges that he was ultimately cleared of. Advertisement 'He helped a lot of people make a lot of money but they assumed he was guilty as charged and then ran a million miles. 'He was abandoned by his peer group and by his government then, when he won his US case, everyone wanted to be his friend again. 'The irony is he had gone out on the "It's been one tragedy after another for his family.' Advertisement The latest damages ruling had been delayed until this week because of the circumstances surrounding the yachting disaster on August 19 last year. The judge expressed his 'sorrow at the devastating turn of events' at sea and offered 'sympathy and deepest condolences'. 'STILL GRIEVING' He even said that he 'admired' Lynch, despite ruling against him. Insiders have told The Sun that the family want to appeal the High Court decision. Advertisement Our source said: 'It's not just about money, it's about restoring Mike's reputation. "The family are considering their next move but we all know that appealing these sorts of decisions is lengthy and costly. "They are also still grieving their loss.' Lynch created software company Autonomy, which processed people's information and data, in 1996. Advertisement He sold it to Hewlett-Packard for £8.6billion in 2011. The businessman reportedly netted around £500million from the deal before going on to set up tech investment firm Invoke Capital. Just a year after the mega-bucks deal, HP wrote down Autonomy's value by £6.5billion and brought a £4billion lawsuit against Lynch and ex-finance officer Sushovan Hussain. The allegations that they inflated the value of the company were investigated by the UK Serious Fraud Office too, who found 'insufficient evidence' of wrongdoing — but some aspects of the case were then handed over to US authorities. Advertisement In 2018, Lynch and Autonomy's former vice-president of finance But both were acquitted following a If Lynch had been found guilty, he would have faced up to 25 years in prison. 6 Hannah was just 18 when she tragically died on the Bayesian Credit: Darren Fletcher Advertisement He told reporters last year that given his poor health, he would have almost certainly died in jail. The pair were still celebrating their win when Chamberlain, 52, Two days later, the Bayesian sank off the coast of Sicily, claiming the lives of Lynch, Hannah, As part of a criminal investigation by Italian authorities, Advertisement That inquiry may not conclude until 2027, bringing more heartache for the Lynch family. James Healy-Pratt, a US lawyer representing the family of chef Recaldo, said they would push for compensation from Angela, the crew and yacht management company Camper & Nicholsons. As one of the country's most successful entrepreneurs, Lynch had a life of luxury, enjoying exotic holidays and a £6milliion country mansion in Suffolk, which boasts 2,500 acres. The close family are said to have loved spending time at home, breeding rare livestock, including Suffolk sheep and Gloucestershire Old Spot pigs, which roamed free in the estate's woodland. Advertisement But the businessman came from humble beginnings. Born to Irish parents — a firefighter father and nurse mother — Lynch won a scholarship to a private school in Essex. Mike worked hard but was very much a family man and wanted to make life as normal for his children as it could be, given the extreme wealth Andrew Kanter He went on to gain a PhD in mathematical computing from Cambridge University. A friend said: 'He really was a genius. Advertisement "He was just a brilliant mathematician and his life transformed as he built companies. 'He was a very early advocate of artificial intelligence — the very field in which we need expertise in this country.' Long-time friend Andrew Kanter, who was a pallbearer at Lynch's funeral, said: 'He was never happier than when someone asked to see the pigs on his estate. 'Mike worked hard but was very much a family man and wanted to make life as normal for his children as it could be, given the extreme wealth. Advertisement 'He never let his legal issues get in the way and did everything to make sure his kids grew up untroubled by whatever the world lay at his feet.' 'I truly believe that Mike would have looked at the UK ruling as a good day. "Although the numbers are crazy, even the judge has found that Hewlett-Packard had overstated its claim. 'Mike would have continued to fight this. Advertisement "He always argued that a law that allows America to extradite British citizens and not have a return agreement was really flawed. 'It's been the case for 15 years and he was going to have that fight too. 'The legal issues weighed heavily on him but he never let it affect his family. 'I never saw him sitting around self-pitying. He wanted to clear his name. Advertisement 'The loss of Mike is an incalculable loss for technology. 'He was utterly devoted to its growth in Britain.' 6 Divers at the wreck of the yacht Credit: ugpix 6 The interior of the Bayesian Advertisement Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club.
Irish Times
4 hours ago
- Irish Times
Plans for residential scheme on Terenure College lands gets approval
An Coimisiún Pleanála (ACP) has granted planning permission for a 284 residential-unit scheme on lands at Terenure College . In granting planning permission to Lioncor subsidiary, 1 Cellbridge West Land Ltd, for the large scale residential development (LRD), the planning commission has overturned decision to refuse permission by Dublin City Council issued earlier this year. The scheme for Fortfield Rd, Terenure, D6 comprises 265 apartments and 19 four-bed houses with the apartments located across four blocks with one block rising to six storeys. In the one reason for refusal linked to transport issues, the council found that the proposed car parking provision was considered inadequate to serve the needs of future residents of the development. READ MORE the Lioncor subsidiary appealed and the planning commission inspector in the case recommended a refusal on two other grounds including flood risk. In granting planning permission, ACP did not accept the inspector's recommendation to refuse and has concluded that the scheme 'would constitute an acceptable scale and density of development at this location and would not seriously injure the residential or visual amenities of the area or of property in the vicinity'. The planning commission also concluded that the scheme 'would be acceptable in terms of urban design, height, and quantum of development, as well as in terms of traffic and pedestrian safety and convenience, and would not have any significant adverse effects on biodiversity or water quality'. The 4.6-hectare (11.5-acre_ proposed development site is located on the northwest corner of the grounds of Terenure College Senior school and the main part of the site is an open field that was formerly used as playing pitches associated with the now closed junior school. The current scheme is 'build to sell' compared to the 'build to rent' 364-unit scheme and 21 houses that were refused planning permission two years ago by An Bord Pleanála. The council received 86 third-party submissions with the bulk of submissions from local residents opposed to the scheme. However, in a letter lodged with the application, the provincial of the Irish Province of Carmelites, Fr Simon Nolan, said that 'the college board of management and the Carmelite Order recognises the enormous benefit that this proposed development has for the school and the order'. 'It will allow for a capital injection into Terenure College and secure the College's future viability as a secondary school as well as benefit the ongoing work and ministry of the Carmelite Order in Ireland, Zimbabwe, and other parts of the world,' he said.
Irish Times
4 hours ago
- Irish Times
‘I believe he should be given a second chance': Eoin Hayes readmitted to Social Democrats party
The Social Democrats has lifted the suspension of Eoin Hayes, saying the TD deserves a 'second chance' The Dublin Bay South TD was suspended by the party last December after it emerged that he did not sell his shares in Palantir – a company that has supplied software and technology to the Israel Defense Forces – until a month after he was elected as a Dublin city councillor last June. This contradicted information he had previously given that he had sold the shares in the company, where he worked from 2015 to 2017, before he entered politics. 'Eoin has been suspended from the parliamentary party for nearly eight months and I believe he should be given a second chance,' Cian O'Callaghan, the acting Social Democrats party leader, said. READ MORE 'Eoin has a lot to offer as a Social Democrats TD and I look forward to working with him.' Mr Hayes has once again apologised for giving incorrect information about when he divested his shares in Palantir, and for keeping shares in the controversial company linked with the Israel Defense Forces for as long as he did. Mr Hayes said that he has now donated $51,000 to three organisations working in Gaza – which represents an uplift in the share price between the outbreak of the war and when he finally sold his shares in July 2024. Commenting on his return to the party, Mr Hayes said 'at the outset' that he wants to give 'a full and unequivocal apology for giving the incorrect information to the media about when I divested from Palantir.' 'I also want to be clear that I should not have held the shares for as long as I did,' he said. 'For that reason, I have donated $51,000 to three humanitarian organisations active in Gaza – split between, Unrwa, Unicef and Doctors without Borders. This figure represents the uplift in share price, less applicable taxes, from October 7 2023 to July 26 2024, when I sold the shares. 'I know I have let people down and I am determined to work hard and earn back people's trust.' Mr Hayes was one of 11 Social Democrats TDs who won a seat in last November's General Election. By December, before the Dáil had even sat, Mr Hayes was suspended from the party with 'immediate effect' after providing incorrect information about when he sold the shares to the media. In February, the Social Democrats decided to extend Mr Hayes suspension following a review by the party's national executive. The review had decided to endorse the decision of the parliamentary party to indefinitely suspend Mr Hayes.
