After agreeing terms of transfer in January 2024, Independent chartered financial planning firm Craven Street Wealth have completed the acquisition of Punter Southall’s financial planning division, moving forward with its strategic growth plan.

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 with £1.85 Billion Assets Under Advice and 91 employees.

In recent weeks, the Craven Street Wealth management team have engaged with 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 27 financial planners, a number of whom are qualified to provide specialist advice in specific areas, we are enthusiastic about the opportunities ahead.

Clients will temporarily 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 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.

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.

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.”