The acquisition, which is expected to complete later in Q1 2023, will see H&C’s highly experienced team join Broadstone’s Consulting and Actuarial division.
H&C was founded in 1999 and has an experienced team of consultants that deliver high-quality, cost-effective pension advice to a diverse range of corporate and trustee clients.
There will be a seamless transition for H&C clients, who will be looked after by the same people and they will have access to the wider set of services Broadstone offers.
The transaction increases Broadstone’s footprint in the north of England, an area where the company sees significant opportunities to grow.
Broadstone’s Consulting and Actuarial division is a trusted adviser to over 350 Trustee Boards including their pension schemes and sponsors. Broadstone was voted the UK’s best Third-Party Administrator in 2022 by its clients with scheme membership ranging from as little as five to as many as 5,000.
Tony Gusmao, CEO at Broadstone, commented: “I am delighted to welcome the H&C team and its clients to Broadstone and am looking forward to working with them to build on our York-based business. Broadstone is focused on offering excellent service and, when opportunities arise, investing in complementary businesses that our platform can help to grow. The H&C team’s focus on high-quality service and value for money for clients makes it a natural fit within the Broadstone Group.”
Gary Hatch, Partner at H&C Consulting Actuaries, said: “At H&C we take pride in the first-class service we offer clients, many of which are long standing, and helping them achieve their pension goals. Equally, treating our staff well and Empowering people’s prosperity enabling them to succeed is very important to us. Broadstone shares these values, and we are delighted to have chosen them as our partner.”
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