Punter Southall Aspire has acquired JDP Financial Services Ltd, a well-established firm of independent Chartered Financial Planners based in Bedford who provide tailored financial advice for individuals, families and retirees. The acquisition will further grow Punter Southall Aspire’s personal financial planning arm.

Punter Southall Aspire offers a fully integrated financial advice service and investment administration platform for both employers and individuals with access to a SIPP, master trust, ISA and general investment account, as well as wealth management solutions.

This deal will also expand Punter Southall Aspire’s financial planning team by adding three highly experienced Chartered Financial Planners.

This is the second IFA firm Punter Southall Aspire has acquired this year. It acquired Oxford IFA Focus Oxford in June and the company plans to acquire other firms in the future as part of its strategy to become a national personal financial planning business.

JDP Financial Services brings £220m Assets Under Advice (AUA) to Punter Southall Aspire, taking the total AUA at the firm to £4bn.

Steve Butler, CEO, Punter Southall Aspire said, “We are delighted to have completed the acquisition of JDP Financial Services. It is a high quality chartered financial planning business, with excellent advisers offering a range of services for individuals including at retirement. This is an important acquisition for us and a milestone in our journey to becoming a nationwide personal financial planning business.”

John Cleverley, Managing Director, JDP Financial Services said, “We are delighted to become part of Punter Southall Aspire. There are many synergies between our companies in terms of values and outlook. This deal will enable our clients to benefit from greater levels of investment and wealth management solutions, offered by a larger team and supported by cutting-edge technology solutions.”  

 

About Punter Southall Aspire

Punter Southall Aspire is a major investment and savings business that blends a strong customer focused heritage with a modern and technology-led outlook.

Uniting pensions consultancy, workplace savings and individual financial advice, we work with employers, trustees and private clients through our 10 regional UK offices to design and manage solutions that meet their unique needs.

Punter Southall Aspire is part of the Punter Southall Group, which is proudly independent and majority employee-owned.

Punter Southall Aspire has:

  • Number of schemes: c.1,250

  • Assets under Advice: c. £4 billion

  • Number of members: c.200,000

  • Number of employees: 100

  • Private clients c.1,200  

 

About JDP Financial Services

Founded in 1992, JDP is a niche, service-driven Chartered Firm specialising in tax driven advice for high net worth individuals and their business interests.

Its clients are nationwide and many have been introduced by professional firms seeking its expertise in specialist areas such as inheritance tax mitigation, divorce and trusts alongside the firm's core areas of pensions and investment advice.

 

Posted by Peter Selby

Topics: Insider

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To start the New Year, Punter Southall Aspire has announced the acquisition of Coleman Financial Services Limited, a well-established independent financial advisory firm in Dorset – a move that will expand its personal financial planning business and extend its client portfolio in the South of England.

Coleman Financial Services is the third financial advisory firm acquired by Punter Southall Aspire in the past 12 months and it marks an important step in its journey to becoming a national personal financial planning business.

Established over 30 years ago, Coleman Financial Services is a successful and growing business. The acquisition brings £275m Assets Under Advice to Punter Southall Aspire, as well as a team of 24 staff based at offices in Poole, Exeter and Southampton. The firm offers a range of tailored financial advice to corporate and retail clients including wealth management, pension and retirement planning, mortgage advice, tax and trusts planning, later life and investment solutions.

Punter Southall Aspire established its financial planning business in June 2018 and recently appointed Peter Selby as its Managing Director Retail Advice who will lead and grow the business. The firm offers a fully integrated financial advice service and investment administration platform for both employers and individuals with access to a SIPP, master trust, ISA and general investment account, as well as wealth management solutions.

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