Pivotal acquires Chester-based brokerage Proper Advice

Pivotal has acquired Proper Advice, a Chester-based mortgage and protection brokerage specialising in remortgage and debt consolidation advice.

The deal is Pivotal's 27th acquisition and adds additional first-charge debt consolidation expertise to the group.

Founded in 2018 and led by managing director Michael Kallaras, Proper Advice has invested heavily in client journey technology to allow advisers to work more efficiently and maintain exceptional compliance standards.

Michael commented: “We've built Proper Advice by being obsessed with our clients and investing in our people and systems — something Pivotal understood and appreciated from the outset.

“Together, we have the scale to invest further in the technology and processes that have driven our growth, and we have a shared culture built on putting clients first.

“Joining Pivotal is the right choice to accelerate growth in our next chapter.”

Mayank Prakash CBE, group CEO at Pivotal (pictured above), added: “Proper Advice has built a genuinely differentiated service in a niche where only a few advisers across UK have real depth, and Michael has done it through a level of entrepreneurial graft that we recognise and value at Pivotal.

“What has stood out throughout is the team's entrepreneurial drive and curiosity about how technology can improve the mortgage journey — values we share across all Pivotal teams.

“We’re delighted to welcome Michael and the Proper Advice team to Pivotal as, together, we build the UK's leading mortgage and protection advice business.”