Anderson Gartner Consultants Merger Finalised

Anderson & Co have finally merged with Gartner Wealth along with their subsidiary Gartner Bank. Anderson Gartner Consultants is the new company brand, with the website  Anderson Gartner. John Gartner explains in a recent press conference, “Anderson & Co have a strong management team with an outstanding reputation within the city as management consultants. We have recognised for a long time that their team with their specific skill set would allow us to push on better serve our existing client base. A large percentage of our clients are business owners who seek financial services for their business as well as personal advice to manage their wealth.”

The merger of the two companies has taken almost 10 months to complete, due to a difference in the valuation of each side of business by the respective directors. Both sets of directors have remained tight lipped in the precise details of the merger. At BlueChip Observer we anticipate that Gartner Wealth would be valued considerably higher with an EBITA currently over four times larger.

John Gartner who will be the managing director of the new group, states that the merger will not impact upon existing Gartner Wealth clients. “The vast majority of products and services that operate under the name of Gartner Wealth will still continue, as will the clients online banking platform remain unchanged in the short term. Although longer term we are in the process to updating our platform to offer a more comprehensive range of banking and investment services.”

Anderson Gartner Consultants merger should not immediately impact upon day to day operations with both London addresses being kept on for the time being. In the future we would expect them to work under the same address as both companies have a modest level of staff, with Gartner Wealth mainly focusing on the wholesale market.

John Gartner also indirectly indicated a future listing when questioned on this. “Currently there are no plans to list on any exchange. Whilst we are a private company, we have a number of institutional investors but they have no immediate need to cash in. It would make more sense to push on and fully integrate, which should produce more profit than the sum of their (respective) parts. Once this happens and the market can fully appreciate the benefit of the merge, then who knows”.

Currently Anderson Gartner Consultants hold in excess of £4 Billion in funds under management. We expect this number to rise dramatically within the next 18 months with ability to target a number of companies as a result of this deal.