Curtis Banks announces the acquisition of Montpelier Pension Administration
Curtis Banks PLC is pleased to announce that it has acquired the assets and clients of fellow SIPP and SSAS operator Montpelier Pension Administration Services Limited ('Montpelier').
The deal, for an undisclosed sum, increases Curtis Banks' client book to almost 3,000 SIPP and SSAS clients. The Bristol-based firm was launched in mid-2009, headed by Rupert Curtis and Christopher Banks, the founder of IPS Pensions, with a senior team who have been at the forefront of SIPP and SSAS development with experience dating back over 30 years. The business has grown over the past two years and now has an established network of quality introducers, and has been considering potential acquisitions to increase client numbers.
As part of the deal, Curtis Banks takes over Montpelier's existing adviser connections and will be looking to develop these relationships and make the Curtis Banks range of products available through this network.
Commenting on the deal, Managing Director Rupert Curtis said: "this puts us in contention as a top 10 bespoke SIPP and SSAS provider and gives us the critical mass to support the infrastructure needed in the current regulatory climate."
Chairman Christopher Banks added: "we remain interested in acquisitions and have the resources available to fund further purchases. We see current regulatory expectations as a real challenge for small SIPP providers and we expect further opportunities to become available."
Rupert Curtis, Managing Director
T: 0117 9107910
Note to Editors
Curtis Banks PLC is a firm of actuaries and pension consultants who specialise in providing self-invested pension products. Their senior team has board level experience dating back over 30 years in this field and they have operated both SIPP and SSAS products.
Curtis Banks is owned by its directors and based in Bristol. The firm is authorized and regulated by the Financial Services Authority to operate personal pension schemes.