View more on these topics

Intrinsic completes Caerus deal

Intrinsic network now comprises advisers from Caerus, Positive Solutions and Sesame Bankhall Group


Old Mutual Wealth-owned network Intrinsic has completed the deal to buy Caerus following shareholder and regulatory approval.

The acquisition was agreed in February and 300 advisers to Intrinsic, taking the network’s total adviser numbers to around 3,700.

Caerus chief executive Keith Carby will now leave the business following the deal’s completion, as revealed by Money Marketing.

Both Carby and Old Mutual Wealth chief executive Paul Feeney have dismissed claims that Caerus was acquired for a nominal sum of £1.

Caerus advisers join Sesame Bankhall members and Positive Solutions advisers which all now sit under the Intrinsic brand.

Caerus managing director Andy Ferns will stay to support the transition to Intrinsic.

Outgoing Caerus chief executive Keith Carby says: “I’d like to thank all our staff and advisers who have built Caerus and helped make it what it is today.

“The transaction is testament to the quality of what they’ve produced and confirmation of its value. Intrinsic and Old Mutual Wealth now offer them the opportunity for even greater success. I wish all concerned the very best.”

Intrinsic chief executive Andy Thompson says: “I’m delighted to welcome the staff, advisers and clients of Caerus into the Intrinsic network.

“I’d also like to thank Keith Carby for the remarkable contribution he has made to Caerus and for giving Intrinsic the opportunity to continue that work.”



Caerus chief to exit following Intrinsic takeover

Caerus chief executive and chairman Keith Carby will leave the business after a “transition period” following Intrinsic‘s takeover of the business. Earlier today Old Mutual Wealth-owned Intrinsic announced it will acquire the Caerus network in a deal that is expected to complete in the second quarter of this year. The deal is awaiting agreement from Caerus […]

Gregg McClymont: Govt money-men are driving pensions policy

“For God’s sake, Gregg, when will they stop tinkering?” So went a recent conversation with an adviser friend. We had begun on drawdown strategies and sustainable withdrawal rates (is 4 per cent too high?) but the televison screen in the corner had caught my friend’s eye. It is election time, after all. My friend was […]

Johnson Fleming is a finalist at UK Pensions Awards 2016

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment