Craven Street Wealth has purchased the financial planning division of Punter Southall Aspire.
This acquisition follows the announcement of the sale of Punter Southall Aspire’s employee benefits business to Foster Denovo. Senior management from both entities shared the news on LinkedIn.
In a LinkedIn post, Punter Southall Aspire managing director Steve Butler said: “Following the announcement of the sale of the Punter Southall Aspire employee benefits business to Foster Denovo, I am pleased to announce that we have now exchange contracts for the sale of the Punter Southall Aspire financial planning business to Craven Street Wealth.
“In Craven Street Wealth we have found a strong and dynamic group to ensure continuity, stability and security for our valued clients and our dedicated team of financial planning professionals. I wish all the great people I have worked with over the last eight years well in their future careers.
Craven Street Wealth director Matthew Ritchie said: “Delighted to welcome the financial planning team of Punter Southall Aspire into Craven Street Wealth. It is always a pleasure working with the team at Punter Southall on another transaction, albeit on a different side of the table.
“We look forward to completing this exciting transaction and enhancing our service to current and future clients.”