Monday, 08 October 2018 10:35

Punter Southall acquires Chartered Financial Planner

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Punter Southall CEO Steve Butler Punter Southall CEO Steve Butler

Punter Southall Aspire, the investment and workplace pensions business, has acquired JDP Financial Services, a firm of independent Chartered Financial Planners based in Bedford, for an undisclosed sum.

The move will help spur growth at Punter Southall Aspire’s growing Financial Planning arm and is part of its strategy to build a nationwide presence in Financial Planning.

It is the second adviser firm Punter Southall Aspire has acquired in 2018. It acquired IFA Focus Oxford in June and Punter says it plans to  acquire other firms to build a “national personal Financial Planning business.”

The JDP acquisition will see three experienced Chartered Financial Planners joining PSA.

JDP Financial Services brings £220m in assets under advice to Punter Southall Aspire, taking total assets under advice at PSA £4bn.

Steve Butler, chief executive of 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, “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.” 

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

Punter Southall Aspire is an 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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Last modified on Monday, 08 October 2018 12:47
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