Punter Southall Aspire has acquired JDP Financial Services Ltd, a well-established firm of independent chartered financial planners based in Bedford, which provides tailored advice for individuals, families and retirees.
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.
JDP Financial Services brings £220m Assets Under Advice (AUA) , taking the total AUA at Punter Southall Aspire to £4bn.
The transaction also increases the company’s financial planning team by adding three highly experienced chartered financial planners.
Earlier this year, Aspire bought IFA Focus Oxford – based in Oxford – and plans to add to this in future as part of its strategy to become a national personal financial planning business.
Punter Southall Aspire Chief Executive Steve Butler 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, including at-retirement. This is a milestone in our journey to becoming a nationwide personal financial planning business.”
JDP Financial Services Managing Director John Cleverley 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.”