Home Financial Planning Craven Avenue absorbs Punter Southall Monetary Planning arm

Craven Avenue absorbs Punter Southall Monetary Planning arm

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Craven Avenue absorbs Punter Southall Monetary Planning arm

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Chartered Monetary Planner Craven Avenue Wealth has accomplished its acquisition of Punter Southall Aspire’s Monetary Planning division which was introduced in January.

The deal will increase AUM for Craven Avenue by over £600m to £1.85bn.

The 2 corporations are underpinned by a longstanding relationship between Craven Avenue Group and pensions and recommendation agency Punter Southall Group.

As a part of the deal Punter Southall will improve its minority stake in Craven Avenue Wealth. Punter Southall was a founding investor in Craven Avenue and says it’ll proceed to again the agency’s progress technique.

London and South-focused Craven Avenue says the acqusition creates, “one of many largest unbiased Chartered Monetary Planning companies” within the South with 91 workers together with 27 Monetary Planners.

Craven Avenue says that with a rising variety of its Monetary Planners certified to offer specialist recommendation in particular areas it’s “enthusiastic” in regards to the alternatives forward.

Purchasers will briefly obtain companies from Craven Avenue Aspire, a buying and selling identify of Craven Avenue Monetary Planning. Within the coming months, techniques and operational capabilities will switch to Craven Avenue Wealth, the agency mentioned.

Purchasers will proceed to obtain recommendation and companies from their present Monetary Planner and help group. Craven Avenue Wealth workplaces now cowl London, Bedfordshire, Dorset, Kent, Oxfordshire and Sussex.

The transfer will increase Craven Avenue’s footprint within the South of England and can add workplaces in Oxford, Bedford and Poole to present workplaces in London, Canterbury and Horsham.

Craven Avenue Aspire can be totally built-in in the end with Craven Avenue Wealth giving shoppers a wider vary of specialisms, expanded funding proposition, companies, platform applied sciences and techniques.

Craven Avenue Wealth was established by way of the 2021 acquisition of Kreston Reeves Monetary Planning and Christchurch Funding Administration. It has grown since launch organically and thru acquisitions, together with the acquisition of Tarvos Wealth in 2022 and Bernard Barrett Associates in 2023.

Craven Avenue Wealth is a subsidiary of Craven Avenue Group, which additionally contains the company finance enterprise Craven Avenue Capital.

Tom Barnett, managing director of Craven Avenue Wealth, mentioned: “We’re delighted to be welcoming a like-minded Chartered Monetary Planning enterprise into Craven Avenue Wealth, a follow recognised by shoppers and friends alike. This announcement is an extra, concrete step in direction of assembly the rising demand for what we provide.”




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