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Old Mutual Wealth swoops for Devon advice firm


Old Mutual Wealth Private Client Advisers is to acquire advice firm DQS Financial Management for an undisclosed sum.

The appointed representative of Old Mutual’s network Intrinsic will add £200m in assets under advice and 650 clients as result.

DQS’s staff, including five advisers, will also join Old Mutual as part of the deal. Founder directors Chris Dyson, Rob Quaintance and Carrie Payne will stay with the business.

Old Mutual Wealth chief distribution officer Richard Freeman says: “At Old Mutual Wealth we are absolutely committed to investing in the future of face-to-face financial planning, and bringing well-controlled, high quality financial planning to more customers. We will continue to invest in our proposition supporting the wider adviser market as well as our distribution capabilities through Intrinsic.”

DQS managing director Chris Dyson says: “We are delighted to be joining Old Mutual Wealth Private Client Advisers. Aligning with a business focused on delivering good customer outcomes through advice and ongoing service with an excellent pedigree in investment management has been very important to us and will enable us to continue to deliver a first-class proposition to our clients.

I am personally excited to be leading the integration of DQS and becoming a key member of the Old Mutual Wealth Private Client Advisers leadership team.”


Intrinsic pulls out of Tenet bid

Intrinsic has pulled out of a deal to buy network Tenet after months of deliberation, Money Marketing can reveal. The Old Mutual-owned network called time on the talks because a price could not be agreed upon and there were concerns the acquisition itself would take too long to complete. It is understood the impending break-up […]


Tisa hires ex-Intrinsic boss as non-exec

Tisa has appointed Old Mutual Wealth chief distribution officer Richard Freeman as a non-executive director. Freeman took up his role at Old Mutual Wealth on 1 January following the acquisition of advice network Intrinisic, where he was chief executive. Tisa chairman Tony Solway says: “It’s important we have access to distribution and advice know-how on […]


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