View more on these topics

Workplace pensions firm kicks off acquisition drive with Oxford IFA

Punter Southall Aspire chief executive Steve Butler

Workplace savings and pensions business Punter Southall Aspire is to acquire Oxford-based IFA Focus Oxford as it outlines its ambition to set up a national advice service.

The acquisition is part of the firm’s plan to integrate its retail advisory arm and corporate business.

Focus Oxford has £200m of assets under management and the deal is expected to be completed by May 2018. 

It is the first of several planned acquisitions to take place over next few years.

Punter Southall Aspire chief executive Steve Butler says the firm is considering IFAs of all sizes with £200m to £1bn of assets under management.

He says: “I hope to announce two to three [acquisitions] per year over the next few years as we build a national advisory business.”

He adds: “[The Focus Oxford] deal will give us a complete proposition for individuals and employers – the ability to deliver financial advice and education in a range of ways, from face to face meetings through to telephone and online consultations.

“This purchase is key to our business strategy. We plan to grow our retail advice business significantly in the next few years and hope this will be the first of several acquisitions of IFAs.

“It will enable us to build assets on our investment platform and provide our clients with first class financial and investment solutions that will support their retirement planning.”

Recommended

Consolidator review one year on: Have IFA acquisitions changed?

A year after the FCA reviewed advice firm consolidators, big players are continuing to buy up financial planning businesses with little further protest from the regulator. AFH, for example, started 2018 with a bang, announcing that it has acquired the assets of Hertfordshire advice firm Monopoly Financial Consultants in a £600,000-plus deal. It caps a […]

Merge-Mergers-700.jpg

Bristol and London IFAs merge as deal flurry continues in 2018

Advice firms Paradigm Norton and The Red House Consulting have signed a merger deal as acquisitions continue apace in 2018. The firms did not disclose the value of the deal, which gives Bristol-based Paradigm a further foothold in the London market, but said that had been at least a year in the making. The deal […]

Tablet-Technology-Computer-Business-700x450.jpg

SimplyBiz partners with Just on IFA referral service

SimplyBiz is partnering with the Just Group on a referral service that offers advisers access to retirement income planning, equity release advice and care funding solutions. A note sent to advisers seen by Money Marketing shows the proposition is called Hub Referral Solutions. The service is provided by Hub Financial Solutions, which is part of […]

Is volatility dead? No, sell credit

There are several arguments that one could currently make for why credit markets look unattractive. These include signals that the US economy is in late cycle, the fact that corporate leverage has been increasing (with 2016 setting a record for the amount of global bond issuance), and that US high-yield default rates have risen considerably […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment