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Punter Southall has taken full ownership of fund manager PSigma Asset Management, upping its stake from 50% to 100%.
The fund manager was formed in February 2007 and was half owned by Punter Southall and half owned by the founder partners Bill Mott and Ian Chimes.
Mott said: "It will be ‘business as usual' for us with no changes to roles and responsibilities within the UK Team.
"There will be no change to the way the UK funds and institutional mandates are managed. All staff at PSigma Asset Management have equity or equity options participation in the group and will benefit from its continued growth and success."
PSigma manages about £750m.
Punter Southall chief executive Jonathan Punter said: "Over the last five years, we've enjoyed a creative and fruitful relationship with Bill and Ian and look forward to working together for continued future success."
The deal comes hot on the heels of P-Solve's acquisition of a US-based retirement planning consultancy to help its expansion in US markets.
Yesterday it announced it had acquired Cassidy Retirement Group to form P-Solve Cassidy.
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