Craven Street Wealth has acquired Punter Southall’s financial planning division, enhancing its growth strategy and expanding its client services.

Target Information

Craven Street Wealth, an independent chartered financial planning firm, has successfully completed the acquisition of Punter Southall’s financial planning division as of January 2024. This acquisition aligns with Craven Street Wealth's strategic growth objectives and is a significant milestone for both organizations. The transfer includes the Punter Southall Aspire Financial Planning business, thereby establishing one of the largest independent chartered financial planning firms in the region, with a substantial £1.85 billion in assets under advice and a committed workforce of 91 employees.

The integration with the Punter Southall Aspire team is particularly promising, as over 90 staff members—comprising 27 financial planners with expertise in specialized areas—are poised to enhance the service offerings of Craven Street Wealth. The management team at Craven Street Wealth has engaged in preparatory discussions with the teams from both firms, resulting in a positive outlook on the transition.

Industry Overview

The financial planning industry in the UK is characterized by its complexity due to regulatory frameworks and evolving consumer expectations. As wealth management becomes increasingly essential for both individuals and businesses, t