Punter Southall Group buys Blacktower to expand further its financial planning division
Punter Southall Group has taken a further step to increase the scope and scale of its financial planning service by acquiring the employee benefit and private client financial planning business of Blacktower Financial Advisers.
The transaction with the Surrey-based IFA sees the group’s number of private clients rise by nearly 20 per cent to almost 5,000. They will benefit from the creative investment expertise which generates tailored solutions for private, institutional and corporate clients across the group.
PSG’s latest transaction in the financial planning sector comes after it took a minority stake in the Argentis Financial Group in March to form a strategic partnership and aid its commercial expansion. The group also merged and floated its institutional investment arm, P-Solve, in June to form River and Mercantile Group plc.