Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Punter Southall forms strategic pact with Kent-based wealth firm

Punter Southall forms strategic pact with Kent-based wealth firm

Punter Southall Group (PSG) has bought a minority stake in Kent-based wealth firm Argentis Financial Group (AFG).  

Through the strategic partnership, which remains subject to regulatory approval, the UK consulting group will help AFG grow its financial planning and wealth management business.

PSG group managing director Kenneth McKelvey will join the board of AFG, which will continue to operate independently under the leadership of chief executive David Taplin.

AFG was established in November 2005 in Canterbury. In 2008 the business opened offices in Cobham, Surrey and Salisbury, Wiltshire it set up shop in central London a year later.

By the end of 2013, AFG which employs 65 people, was responsible for more than £1.3 billion.

McKelvey said in a statement: 'We look forward to working in partnership with the team at Argentis to help their business expand. We’ve known them for some time and are confident that our strong relationship will lead to greater commercial opportunities.'

Taplin added: 'Punter Southall Group’s investment and support will enable us to move the business forward while continuing to provide an excellent service to our clients.'

The news comes a month after PSG announced the merger of its institutional investment advisory arm, P-Solve, with River and Mercantile Asset Management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter