Financial advice firm Argentis Financial sells minority stake to Punter Southall
Pensions administration group says deal will help Kent-based firm ‘expand’
Leading pensions administration group Punter Southall today announced it has purchased a minority stake in Kent-based financial advice firm Argentis Financial, for an undisclosed sum.
The deal will see Punter Southall’s managing director Kenneth McKelvey join the Argentis board of directors, although the company will continue to operate independently under chief executive David Taplin.
The announcement marks Punter Southall’s second major deal of the year, after it merged its investment consultancy arm P-Solve with competitor River and Mercantile Asset Management in February.
Argentis Financial chief executive David Taplin said: “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.”
Punter Southall managing director Kenneth Mckelvey added: “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.”