View more on these topics

Old Mutual Wealth swoops for Devon advice firm

Richard_Freeman_Intrinsic

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.”

Recommended

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 […]

Richard_Freeman_Intrinsic

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 […]

Business Chair Board Room Meeting Portfolio 480.jpg

Intrinsic bids for Tenet as Aviva eyes mortgage arm

Old Mutual Wealth-owned network Intrinsic has made a “non-binding” offer for Tenet as part of a possible break-up of the business, Money Marketing understands. It is believed Aviva – which already owns a 47 per cent stake in Tenet – has also tabled a bid specifically focused on TenetLime, the network’s mortgage and protection business. The […]

What can drive the India story forward?

By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment