View more on these topics

Quilter acquires three more advice firms

Business-Handshake-Meeting-Deal-Low-Angular-700x450.jpgQuilter Private Client Advisers has acquired another three financial planning firms as it continues to expand.

Eastgate Financial Management, Holdaway Johnson, and Clive C Aitkenhead Financial Consultant, based in Cheltenham, Surrey and Blackburn respectively, will all join the Quilter advice business formerly known as Old Mutual Wealth Private Client Advisers.

David Irving,  Charles Holdaway, and Clive Aitkenhead, the respective owners of the firms, will each retire after helping with the transition of the businesses.

Quilter PCA has acquired 11 firms in total this year so far. Quilter is also the parent company of advice network Intrinsic.

Quilter PCA strategy and acquisitions director Dominic Rose says that “increasing numbers” of firms are approaching the company directly.

Rose says: “We expect to complete on further acquisitions before the end of the year.”

Quilter CFO stands down after Old Mutual rebrand

Aitkenhead says that after considering the sale of his business for two years, he chose Quilter PCA because of “shared belief in focus on long-term client relationships”.

Aitkenhead says: “They are well resourced to ensure the clients will be in good hands long into the future.”

Clients of Cheltenham-based Eastgate will be serviced from Quilter Private Client Advisers’ Birmingham office.

Holdaway Johnson, based in Surrey, will be aligned to the London office.

Clients of Blackburn-based firm Aitkenhead will now be serviced by Quilter PCA’s Chester office.



Govt told there would be enough demand before scrapping second-hand annuities

Figures from across the pensions industry convinced the government there would be sufficient demand for second-hand annuities before ministers scrapped the proposals, Money Marketing has learned. Internal analysis from the Treasury obtained under the Freedom of Information Act – the full results of which will be published in this week’s print edition of the magazine […]


Fund giants hit with criticism for continuing losses on advice arms

In the wake of the RDR, the FCA introduced new rules to stop vertically-integrated firms “unreasonably” cross-subsidising advice losses with profits from fund management. While the latest figures show losses are mounting again at major provider-linked advice businesses, critics are questioning whether these rules are working. Vertically-integrated giants including Quilter (formerly Old Mutual), St James’s […]


Pensions minister: Simple statements are long overdue

Making pensions simple for everyone to understand is one of my key missions as a minister. Simple, two-page, standardised pension statements, the pensions dashboard for online access to pensions information, an industry provided mid-life MOT are clearly the way forward. Traditionally, pensions are complex. We want to change this. If something is impenetrable, people shy […]


Keith Richards: Consumer protection is confused by compensation

It seems the FCA plans to raise Financial Ombudsman Service compensation limits without properly assessing the unintended consequences on the cost and availability of professional indemnity insurance – an area which is already fragile. The irony is that this disjointed approach could end up seeing fewer consumers protected as a result of being left to […]


News and expert analysis straight to your inbox

Sign up


There are 2 comments at the moment, we would love to hear your opinion too.

  1. All this does so remind me of the providers scramble for estate agents back in the 1980’s. The result? Many of the agents bought their firms back at a fraction of what they got for them in the first place.

    I just wonder what nasties are under the blanket when these firms are acquired with such abandon. I just can’t imagine how the purchasers will be able to control their risks with so many disparate elements that they hoover up.

  2. Agree Harry they need to quickly move it to a single model or they will end up losing it all

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm