View more on these topics

WH Ireland acquires Seymour Pierce wealth arm from administrators

WH Ireland has bought the private wealth management arm of Seymour Pierce out of administration for £25,000.

WH Ireland has also acquired related assets including the private client list and the assets under management relating to those clients, valued at approximately £270m.

Seymour Pierce was placed into administration last month.

The acquisition boosts WH Ireland’s funds managed by about 15 per cent. Seymour Pierce generated a £200,000 profit in the year ended 30 September 2012 the firm said today in a statement.

Killingbeck says: “WH Ireland is very pleased to have been able to secure this agreement with the administrators of Tenebris.  Part of our private client growth strategy is to seek to acquire private client teams and assets in existing WH Ireland office locations and this transaction will add considerably to our London based assets under management. We expect this transaction to be earnings enhancing during the year ending 30 November 2013.”

In January, WH Ireland appointed Killingbeck as its new chief executive officer following the departure of Paul Compton in December 2012.

Compton’s sudden departure from the firm in December was quickly followed by reports that people familiar with events at the firm said WH Ireland’s compliance staff had raised concerns about a number of Compton’s share dealings through what are known as Suspicious Transaction Reports.


Tony Wickenden: How Govt changes affect income tax relief caps

Last week I looked at the General Anti-Abuse Rule. This week I would like to look at the cap on income tax reliefs. The Government announced at Budget 2012 the introduction of a limit on currently uncapped income tax reliefs from April 2013. The limit will cap the relievable amount for a tax year at […]


Tenet distribution director Keith Richards quits

Tenet distribution and development director Keith Richards has left the network. A note sent to Tenet members today says Richards has left to pursue new opportunities in the financial services sector. Richards joined the network in 2004. He is also chairman of the Tax Incentivised Savings Association adviser protocols working group. Richards says: “I joined […]

Verridian launches Chartered learning programme for busy advisers

Verridian has launched a learning programme designed to help support financial advisers who are looking to continue their development to Chartered status. The Bristol based recruitment and training consultancy has developed the Route to Chartered programme, which has been designed to fit around advisers’ work lives by providing flexibility through e-learning and a mobile learning […]


Sanlam acquires two more IFA businesses

Sanlam Private Wealth has acquired two new IFA businesses for an undisclosed sum. The firm has bought Professional Connection, which has 500 clients and £71m under influence, and Berkeley Associates, a firm with over 450 clients and £26m in funds under management. Sanlam UK head of marketing Giles Cross says: “Sanlam will continue to offer […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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 advice.

    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