Gartner Wealth and their regulatory subsidiaries including Gartner Bank have announced the successful merger with Anderson & Co. The new company now trades under the brand of Anderson Gartner Consultants, or Anderson Gartner for short. John Gartner explains, “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.”

John Gartner who remains as Managing Director also explained that the merger will not adversely affect existing 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.”

It is understood that the merger of the company has taken over nine months to complete, with disagreements on how to value each company due to them operating in different sectors, with contrasting price to earning ratios the norm for respective companies. Specific details of the merger have not been disclosed to the public.

It is thought that the new look Anderson Gartner Consultants will operate out of both London addresses in the short term. However, longer term it is undecided whether they would amalgamate under one business address. At New Market Issues we believe that there is no pressing need to integrate services under one roof in the shorter term as both businesses offer distinct services with different skill sets. That said, the merger makes business sense for Gartner Wealth as it would give them access to a range of businesses that have used Anderson & Co´s services in the past. This Anderson Gartner Consultants merger raises some interesting questions. Will this new look company look to float in the short term due to increase size and revenue. We posed the question to John Gartner. “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 parts. Once this happens and the market can fully appreciate the benefit of the merge, then who knows.