Barnett Waddingham has completed the acquisition of UK-based Sipp and SSAS provider Harsant Pensions for an undisclosed sum.
As part of the deal, Barnett Waddingham will add more than 400 SIPP and 70 SSAS clients of Harsant to its existing book of business.
The acquisition will boost Barnett Waddingham’s Sipp portfolio to more than 2,725 schemes representing over £1 billion assets, and its SSAS portfolio to more than 2,100 schemes with more than £3.6 billion assets.
In addition, the deal will see Barnett Waddingham take over the administration of some of Harsant’s defined benefit and defined contribution pension schemes.
Julia Bassett, CEO of Barnett Waddingham’s Sipp business said: "The acquisition of Harsant Pensions is very much a part of our gradual and considered growth strategy. Harsant Pensions and Barnett Waddingham have previously worked together and so this deal is very much a natural fit for us and our long term business goals."