Punter Southall Aspire has purchased Coleman Financial Services, a Dorset-based advisory business, for an undisclosed sum.
Coleman offers wealth management, pension and retirement planning, mortgage advice, tax and trusts planning, as well as later life and investment solutions to corporate and retail clients.
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A total of 24 Coleman employees based at Poole, Exeter and Southampton will move to Punter Southall as part of the deal.
Coleman managing director and financial adviser Simon Fisher said: “The deal will benefit our clients in many ways, offering greater levels of resources and more investment and wealth management solutions, all supported by leading-edge technology.”
The deal, which marks Punter Southall’s third acquisition of an advisory firm in a year, adds £275m in assets to its books.
In October 2018, Punter Southall snapped up JDP Financial Services, an advisory firm based in Bedford.
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By GlobalDataEarlier last year, Punter Southall took over Oxford-based independent financial advisory firm Focus Oxford.
Punter Southall Aspire CEO Steve Butler said: “Coleman Financial Services is a highly respected firm of financial advisers in the south of England. Under the direction of the firm’s managing director Simon Fisher, the business has gone from strength to strength.
“This acquisition will extend our client base and is strategically important and key to our ambitious growth plans.”
