Clear Group has acquired Gauntlet Retail Brokers and Gauntlet Appointed Representative Network, which it will integrate into its Brokerbility network proposition. Roger Gaunt founded Leeds-based Gauntlet Retail Brokers in 1994 with a focus on commercial business. In 2009, the firm launched its appointed representative network.

The Gauntlet network targets local and niche brokers as well as start-ups. It provides a broking platform, market access, online quote-and-buy functionality and e-trade solutions.

Clear Group said the acquisition would enable it to support brokers starting their own operations as appointed representatives and to then support their growth and shepherd them towards being directly authorised as part of the Brokerbility network.

John Dunn, managing director of Brokerbility, said: “Through our membership we have developed options and pathways for entrepreneurs and existing businesses to join our community and progress together.

“As we enter our 20th anniversary year the combination of Brokerbility and Gauntlet deepens an already successful collaboration, to give brokers real choice and expand our powerful community network for a broader group of members.”

Roger Gaunt, founder and CEO of Gauntlet, added: “I’m excited to continue growing the AR network and to help shape a proposition that truly reflects what brokers want and need.”