Punter Southall Group has today announced that it has taken a minority stake in Argentis Financial Group to form a strategic partnership to assist the financial planning and wealth management business to grow further.
PSG Group Managing Director Kenneth McKelvey will join the board of Argentis, which will continue to operate independently under the leadership of Chief Executive David Taplin. The transaction is subject to regulatory approval. Kenneth said: “We look forward to working in partnership with the team at Argentis to help their business expand. We’ve known them for some time and are confident that our strong relationship will lead to greater commercial opportunities.”
David said: “Punter Southall Group’s investment and support will enable us to move the business forward while continuing to provide an excellent service to our clients.”
This latest announcement comes a month after Punter Southall Group announced the merger of its institutional investment adviser and fiduciary manager, P-Solve, with River and Mercantile Asset Management to form what will be known as River and Mercantile Group.