Craven Street Wealth buys Punter Southall's financial planning arm

Clients will continue with existing advisers

Jaskeet Briah
clock • 1 min read

Independent Chartered financial planning business Craven Street Wealth has agreed to the transfer-in of the financial planning division of Punter Southall, as part of its growth plans.

The transaction boosts assets under management from £1.2bn to £1.8bn and increases its presence in the south of England, adding Oxford, Bedford and Poole to existing offices in London, Canterbury and Horsham, with 90 employees. The Punter Southall financial planning management team will also be part of the transition. The deal is expected to be completed by the end of February. The deal means clients will be able to access "even more diverse and specialist support and services" such as a wider investment proposition, in step with combining technology to keep costs low. Punter South...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advice firms need to adopt 'operational excellence'

Advice firms need to adopt 'operational excellence'

‘Operations roles are critical to driving business success’

Isabel Baxter
clock 16 May 2024 • 2 min read
'Finfluencers' face FCA legal action over trading scheme

'Finfluencers' face FCA legal action over trading scheme

FCA targets social media scam, nine people face legal action

Sahar Nazir
clock 16 May 2024 • 1 min read
Advisers must tackle client behavioural bias for good outcomes

Advisers must tackle client behavioural bias for good outcomes

Mitigating behavioural biases builds trust with clients

Jenna Brown
clock 16 May 2024 • 1 min read