View more on these topics

Old Mutual Wealth buys Cheshire advice firm

Business-Handshake-Finance-Deal-700.jpg

Old Mutual Wealth Private Client Advisers has acquired Cheshire-based JW Financial Planning for an undisclosed sum.

Two advisers and two support staff will join Old Mutual as part of the deal. JW Financial Planning, which launched in 2006, has more than £100m assets under advice.

Old Mutual Wealth Private Client Adviser managing director Nigel Speirs says: “It has been a particularly exciting month, with the business gaining significant momentum by finalising some important acquisitions.

“It is fantastic to be able to mark year two of our journey by welcoming clients and staff from JW into Old Mutual Wealth Private Client Advisers.”

Old Mutual Wealth says its acquisition of Beaumont Robinson is expected to complete at the end of this month.

By the end of 2016 the business aims to have more than £1bn in assets under advice and more than 40 employed advisers.

It completed the acquisition of Devon-based DQS in October.

Recommended

Old Mutual Wealth 2014

Old Mutual hints core businesses could be sold off

Old Mutual has not ruled out selling off its businesses as it begins a managed separation to extricate the four parts of the group. In a market update today, Old Mutual outlined the “highly complex” nature of the managed separation, which will see Old Mutual Asset Management, Old Mutual Wealth, Old Mutual Emerging Markets and […]

Old Mutual Wealth 2014

Old Mutual Wealth pays adviser four years late

Old Mutual Wealth has issued an apology after it failed to pay commission to an adviser for four years. The adviser, who wished to remain anonymous, requested an overdue payment for an Isa opened this year but discovered Old Mutual Wealth held the wrong bank details on its systems. A statement sent to the adviser […]

Feeney-Paul-2013-700x450.jpg

Old Mutual Wealth completes Quilter Cheviot acquisition

Old Mutual Wealth has completed its acquisition of Quilter Cheviot for £585m. Quilter Cheviot has £16.7bn funds under management and 500 employees, including 165 investment managers. In October, it was reported that Old Mutual Wealth was in advanced talks to buy the wealth manager. Old Mutual Wealth says Quilter Cheviot’s discretionary investment management service will […]

10 September thumbnail

Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment