Craven Street Wealth has confirmed it is to acquire the financial planning business of Punter Southall.

The move expands Craven Street’s presence in the south of England by adding Oxford, Bedford and Bournemouth to existing offices in London, Canterbury and Horsham.

Craven Street has confirmed that all staff will remain within the business, with clients continuing to be advised by their existing financial planner, and over time clients of both firms may benefit from a wider range of specialisms, an expansion of investment propositions, services and solutions, platform technology and systems.

The Craven Street Wealth management team will also be further strengthened by the joining of Punter Southall’s financial planning business, which trades as Punter Southall Aspire.

To ensure continuity and business as usual for clients, a transitional service arrangement has been agreed for a period that will see the transferred businesses continue to trade as Aspire.

Managing director of Craven Street Wealth, Tom Barnett, 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.”

CEO of Punter Southall’s Aspire business, Steve Butler, added: “We know our clients will be in good hands as Craven Street Wealth share our commitment to building long-term relationships now and, in the years to come. Creating this bigger yet personalised business means an even better service for them.”

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