Punter Southall Aspire, an investment, savings and workplace pensions company, has acquired JDP Financial Services Ltd, an 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 GBP220 million Assets Under Advice to Punter Southall Aspire, taking the total number of Assets Under Advice at the firm to GBP4 billion.
Steve Butler, CEO, Punter Southall Aspire, says: “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, says: “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.”
