Punter Southall Aspire has bought Bedford IFA JDP Financial Services in a deal that adds three financial planners to its personal financial planning arm.
JDP Financial Services brings £220m assets under advice to Punter Southall Aspire, taking its total assets to £4bn.
JDP Financial Servicesis the second IFA firm Punter Southall Aspire has acquired this year, following the purchase of Oxford IFA Focus Oxford in June. Punter Southall Aspire say it plans to acquire other firms in the future as part of its strategy to become a national personal financial planning business.
Punter Southall Aspire offers an integrated financial advice service and investment administration platform for employers and individuals with access to a Sipp, master trust, Isa and general investment account, as well as wealth management solutions.
Punter Southall Aspire advises 1,250 workplace schemes with 200,000 members, and has 1,200 private clients.
Punter Southall Aspire CEO Steve Butler 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.”
JDP Financial Services managing director John Cleverley 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.”
