Punter Southall Aspire has bought a Bedfordshire-based chartered financial planning firm for an undisclosed sum.
The deal to buy JDP Financial Services is the second advice firm acquisition Punter Southall Aspire has made in 2018 and adds £220m of assets under advice to the business.
Steve Butler, chief executive of Punter Southall Aspire, said: "[JDP Financial Services] is a high quality chartered financial planning business, with excellent advisers offering a range of services for individuals including at retirement.
"This is an important acquisition for us and a milestone in our journey to becoming a nationwide personal financial planning business."
The deal will add three chartered financial planners to Punter Southall Aspire's financial planning team which provides advice on around £4bn of assets.
John Cleverley, managing director of JDP Financial Services, said: "There are many synergies between our companies in terms of values and outlook. This deal will enable our clients to benefit from greater levels of investment and wealth management solutions, offered by a larger team and supported by cutting-edge technology solutions."
In June Punter Southall Aspire bought Oxford-based Focus Oxford LLP and it plans to buy more firms as part of its strategy to become a national financial planning business.