Mergers & acquisitions, Announcements, Financial Planning

Punter Southall Aspire expands its national financial planning network

Punter Southall Group’s workplace savings business, Punter Southall Aspire, has taken a further step to increase its spread of independent financial advisors, buying its third new business in 12 months.

Punter Southall Aspire has acquired Coleman Financial Services to create a presence on the south coast and south west. Founded 30 years ago, it has offices in Southampton, Poole and Exeter with £275m of assets under advice.

The move follows the purchase of Bedford-based JDP Financial Services and Focus Oxford, which is based in Oxford, last year.

Meanwhile Punter Southall Group continues to seek ways that its clients can best be served. Evolution in the market for group health insurance favours consolidation so efficient systems can be shared among larger numbers of corporate clients. To this end, the Group began the year by agreeing to take up an offer from the large insurance broker, Howden, to buy Punter Southall Health and Protection.

This came after a busy 2018. Last January, Punter Southall Group merged its independent trustee business with HR Trustees to form what is now Punter Southall Governance Services. It also became the key investor in Guardian Financial Services, an insurance start-up.