View more on these topics

Punter Southall acquires advice firm

Punter Southall Group has acquired the employee benefit and private client financial planning business of Blacktower Financial Advisers for an undisclosed sum.

The deal with the Surrey-based IFA will increase the group’s number of private clients by 20 per cent to 5,000.

All of Blacktower’s New Malden-based staff will move to Punter Southall’s Guildford office.

Punter Southall Financial Management managing director John Hamilton-Hunt says: “Both companies share the same professional, personal approach which seeks to foster long-term client relationships and positive outcomes.

”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.”
Blacktower managing director Chris Bruce says: “This is an exciting development for us. Our client relationships will continue to strengthen because they will be able to access a broader range of personal and corporate planning services as part of a like-minded but larger organisation.”

Punter Southall has 820 staff across the UK and has £6.9bn in assets under management. Blacktower has 10 staff and 750 clients. 

In March, Punter Southall took a minority stake in Kent-based financial planning firm Argentis Financial Group.



Friends Life sales surge despite Budget annuities hit

Friends Life’s UK division saw sales increase 11 per cent in the nine months to September 2014 despite the Budget reforms hitting retirement income new business. The provider’s interim management statement, published this morning, reveals sales rose from £521m in the first nine months of 2013 to £579m this year. This was driven by a […]


Isle of Man proposes state pension age of 74

The Isle of Man is considering raising the state pension age to 74 for those born after 2011 in a review of national insurance. In an Isle of Man Treasury consultation, published in September, the Isle of Man Government echoes Chancellor George Osborne by insisting roughly one-third of an individual’s life should be spent in […]


Revealed: Savers face two week wait to access pension freedoms

Savers are facing a two week wait to access pension freedoms next April as providers reveal their expected processing times. Insurers warn customers they will not be able to use pension pots like bank accounts as they deal with administrative burdens to release cash. Legal & General and Aviva customers looking to withdraw cash from […]


Heavy cash piles spark VCT warning

Investors have been warned to watch the cash drag of venture capital trusts, with some keeping large swathes of their portfolios in the bank.  However, VCT managers say cash levels look higher than they are because they take cash in bulk and dispense it throughout the year. Association of Investment Companies statistics show the average cash level […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm