View more on these topics

Quilter buys another two advice firms

Quilter Private Client Advisers has added another £130m in assets to its business with the acquisition of another two financial planning firms.

The national advice business, which is part of the group formerly known as Old Mutual Wealth along with the Intrinsic network, has picked up Freedom Financial Planning and Stephen Spires Financial Consultants, based near Manchester and Reading respectively.

Freedom Financial Planning’s clients will be serviced from Quilter Private Client Advisers’ Chester office, as managing director of the business Andy Nevett prepares to retire after helping with the transition. The firm’s financial planning director, Nick Heys, will stay with Quilter as a financial planner.

Sole adviser at Stephen Spires Financial Consultants Stephen Spires will also retire after transferring clients to Quilter Private Client Advisers, who will be served by its London office.

Quilter did not disclose how much it paid for each of the firms in its statement, or how much of the purchase value is dependent on deferred performance targets being met.

Quilter Private Client Advisers strategy and acquisitions director Dominic Rose says: “Both these firms align well with our client service proposition and we look forward to continuing to deliver the exceptional service to which the clients are accustomed. We will build on the great work Stephen and Andy have done and wish them well in their retirement. Furthermore, we are thrilled to welcome Nick from Freedom Financial Planning to the Quilter PCA team.”

Recommended

barclays-building-2012-700x450.jpg
3

Barclays bosses feared pay was at risk if bank was bailed out, court hears

Former leading bankers at Barclays faced questions in court yesterday over how concerns about their own pay packets may have affected their decisions during the financial crisis. The Times reports that Southwark Crown Court heard allegations that Roger Jenkins, the bank’s ex-Middle East chairman, worried late at night about how a government bailout package would […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com