Wilton Group, the parent company of Hartley Pensions, has bought Bespoke Trustees and Bespoke Investments in a deal which sees it expand its services to Ireland.
Bespoke, established in 2006, provides small self-administered pension products and services to the Irish intermediary market.
Bespoke currently employs 17 full-time staff, with about €300m (£256m) of assets under administration.
According to Wilton, the deal will allow it to expand its pension book and investment offering into the European Union.
Wilton’s founder and group CEO, Tony Flanagan, said: ‘We remain dedicated to ensuring that pension investments are administered cleanly and safely as we continue to provide one of the most competitive services in the market.
“We are committed to good customer outcomes and will particularly focus on fair pricing and customer choice for available investment offerings.”
Bespoke’s managing director, John McDonnell, added: ‘This is an exciting new chapter for Bespoke, which, as part of Wilton, now has the backing required to achieve all our goals in the next crucial phase of our development, providing unrivalled service levels as we grow.
“We truly believe that this acquisition will significantly improve and expand on our existing pension and investment offering for our current and future customers.”
In recent years, Wilton has acquired businesses including Hartley SAS, Greyfriars Asset Management, Guinness Mahon, Berkeley Burke, Guardian Pensions and The Lifetime SIPP.
The firm has also entered a process to buy IOMA Group, an insurance company that can write life, general and captive insurance business.
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