We are delighted that after a thoroughly diligent process, Craven Street Wealth have completed the acquisition of the financial planning business of Punter Southall Defined Contribution Consulting Limited, known as Punter Southall Aspire on 29 February 2024.

Background

The acquisition is the culmination of a longstanding, and continuing, relationship between Craven Street Group and Punter Southall Group. The transfer of the Punter Southall Aspire Financial Planning business to Craven Street Wealth creates one of the largest independent Chartered financial planning businesses in the region.

In recent weeks we have engaged the teams in both businesses in preparation for the transfer and have been delighted with how everyone has approached this. With over 90 staff members and thirty financial planners, a number of whom are qualified to provide specialist advice in specific areas, we are enthusiastic about the opportunities ahead.

What does this mean for clients?

From 1^st March, clients will receive services from Craven Street Aspire, a trading name of Independent Chartered Financial Planners, Craven Street Financial Planning Ltd. In the coming weeks and months, the transfer of systems and operational capabilities will transfer to Craven Street Wealth.

Clients of Craven Street Aspire will continue to receive advice and services from their existing financial planner and support team who, until notified otherwise, can continue to be contacted using the same details and met at any of the Craven Street Wealth offices, now covering London, Bedfordshire, Dorset, Kent, Oxfordshire and Sussex.

There will be no requirement to change investments, platforms, ongoing services, or associated charges as a result of the change in ownership. Some clients may however find the enlarged Craven Street Wealth proposition beneficial, dependent on their own individual circumstances which will be considered on a case-by-case basis over time.

What will happen next?

A considered and well-planned process will be undertaken over the next few months to fully integrate Craven Street Aspire with Craven Street Wealth. This will, over time, allow clients and staff to benefit from the wider range of specialisms, expanded investment proposition, services, platform technologies and systems, while keeping costs low through the group’s increasing scale.

We are excited by this significant, but very natural expansion to Craven Street Wealth, the benefits it provides to clients in particular and look forward to keeping you updated with developments.

Tom Barnett, Managing Director of Craven Street Wealth, said: “We are delighted to be welcoming a like-minded chartered financial planning business into Craven Street Wealth, a practice recognised by clients and peers alike. This announcement is a further, concrete step towards meeting the growing demand for what we offer.”

To discuss this transfer further, or your own financial planning needs with a financial planner, please contact us on 0330 320 9280, email info@cravenstreeetwealth.com or complete our online enquiry form.

The content of this article is for information only and does not constitute formal financial advice. This material is for general information only and does not constitute investment, tax, legal or other forms of advice.

You should not rely on this information to make, or refrain from making any decisions. Always obtain independent, professional advice for your own particular situation.

Craven Street Financial Planning Limited is authorised and regulated by the Financial Conduct Authority.