Punter Southall Financial Management has announced plans to buy national IFA firm Opus Consulting for an undisclosed sum.
The transaction is expected to be completed by December, subject to regulatory approval, and will see Punter Southall Financial Management - a national IFA and employee benefits consultancy - buying 100% of the share capital of Opus Holdings, the holding company of Opus Consulting. Although the price of the acquisition is unknown, Opus - one of the oldest financial advisory firms in the country and employing around 60 staff nationwide -, is forecasting a turnover this year of more than £5m. Meanwhile Punter Southall Financial Management says the proposed acquisition follows a period of ...
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