Old Mutual acquires Yorkshire advice firm

Business-Handshake-Meeting-Deal-Low-Angular-700x450.jpg

Old Mutual Wealth Private Client Advisers has acquired West Yorkshire advice firm Beaumont Robinson, which has £250m assets under advice.

Staff and management at Beaumont Robinson, which has more than 850 clients, will stay with the business. Managing director Michael Wall will take on the role of Old Mutual Wealth Private Client Advisers regional director.

Old Mutual Wealth Private Client Advisers’ managing director Nigel Speirs says: “This is another important milestone as we aim to grow a wealth management business designed to deliver great customer outcomes by combining Old Mutual Wealth’s stable of investment, platform and advice solutions.”

Beaumont Robinson chairman David Cubitt adds: “Joining Old Mutual Wealth Private Client Advisers is an exciting step for this business and will allow us to grow and develop with the support of a national advice offering.”

Old Mutual’s private clients business, launched in 2015, bought Devon advice firm DQS in June.