Press Release — PS Financial Advisers
Skerritts Group continues growth with the purchase of the Hampshire-based Financial Planning Firm, PS Financial Advisers Ltd
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Skerritts are Independent Financial Advisers and Wealth Managers with their head office in Brighton and Hove. In March 2021, Sovereign Capital Partners, a UK Private Equity Buy & Build specialist completed a significant investment in Skerritts worth £55 million. The objective of the investment is to develop and expand the business through a strategy of organic and acquisitive growth.
Previously, Skerritts had made nine acquisitions but with Sovereign’s backing, a more ambitious plan to grow was introduced. So far this year, Skerritts has completed three further acquisitions with the purchase of Geoffrey Craig Limited (‘Geoffrey Craig’), Saffron Wealth Management and Chartered IFA Firm Bradbury Hamilton. Together they’ve roughly added £480 million of AUM.
Today we are delighted to announce we’ve completed another acquisition of Hampshire-based IFA PS Financial Advisers.
Richard Skerritt, CEO of Skerritts says:
“As part of our strategic plans to increase our presence in the South East, adding a high-quality firm such as PS to the group enables us to expand into Hampshire and adds a great team of people, led by Geoff, that we very much look forward to working with.”
Geoff Reed, Director of PS Financial Advisers says:
“As the financial services market continues to evolve, we made the decision that we needed to be part of a larger group, with the extra benefits and resources that this brings. After a lot of research, we are very confident that Skerritts is the stand-out partner for us and will help us to invest in and grow the office, whilst continuing to offer our clients the high level of service they are used to. This is a very exciting time for us.”
The purchase of PS Financial Advisers Ltd brings in an additional £60 million of AUM and brings the number of deals that the Skerritts Group has completed since the Sovereign investment to seven.
We are award-winning Independent Financial Advisers and Wealth Managers focused on providing lifelong financial advice to aid the realisation of our clients’ long term financial objectives. We have been assisting local people, directors, businesses, charities and trustees in Brighton, and the surrounding area for over 30 years and are one of the few firms in the South-East to hold Chartered Financial Planning and Discretionary Investment Manager status.
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