Acquisitive intermediary Punter Southall Aspire has bought Coleman Financial Services, the first financial advisory firm it has bought in the last 12 months.
Coleman Financial Services is a Dorset-based independent financial planning firm that will extend Punter Southall Aspire’s client portfolio in the South of England as it bids to become a national personal financial planning business.
Established over 30 years ago, Coleman Financial Services brings £275m Assets Under Advice, as well as a team of 24 staff based at offices in Poole, Exeter and Southampton. It has 130 business clients and 450 private clients. The firm offers a range of tailored financial advice to corporate and retail clients including wealth management, pension and retirement planning, mortgage advice, tax and trusts planning, later life and investment solutions.
Punter Southall Aspire established its financial planning business in June 2018 and recently appointed Peter Selby as its managing director retail advice, to lead and grow the business. The firm offers a fully integrated financial advice service and investment administration platform for both employers and individuals with access to a SIPP, master trust, ISA and general investment account, as well as wealth management solutions.
Punter Southall Aspire CEO Steve Butler says: “Coleman Financial Services is a highly respected firm of financial advisers in the South of England. Under the direction of the firm’s Managing Director Simon Fisher, the business has gone from strength to strength and has an impressive team serving a broad range of retail and corporate clients. This acquisition will extend our client base and is strategically important and key to our ambitious growth plans.”
Coleman Financial Services managing director and financial adviser Simon Fisher says: “The deal will benefit our clients in many ways, offering greater levels of resources and more investment and wealth management solutions, all supported by leading-edge technology.”