The acquisition of the Surrey-based IFA firm sees Punter Southhall’s number of private clients rise by nearly 20% to almost 5000.
Blacktower’s New Malden-based staff will relocate to Punter Southall Group’s office in nearby Guildford.
This latest deal comes after Punter Southall took a minority stake in the Argentis Financial Group in March to form a strategic partnership as part of its commercial expansion. The group also merged and floated its institutional investment arm P-Solve in June to form River and Mercantile Group.
“Both companies share the same professional, personal approach which seeks to foster long-term client relationships and positive outcomes,” said Punter Southall Financial MD John Hamilton-Hunt. “Add to this the fresh thinking and innovation from our investment teams across the group and we can better serve the objectives and expectations of our clients.”
“This is an exciting development for us,” Blacktower’s MD Chris Bruce said. “Our client relationships will continue to strengthen because they will be able to access a broader and deeper range of personal and corporate planning services as part of a like-minded but larger organisation.”
