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Old Mutual Wealth Private Client Advisers acquires JW Financial Planning

Old Mutual Wealth Private Client Advisers is today announcing the acquisition of JW Financial Planning, the Cheshire-based advice firm.

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The acquisition adds a number of high net worth clients to the Old Mutual Wealth branded national adviser business.

Launched in 2015, Old Mutual Wealth Private Client Advisers has grown successfully in its first 12 months of operations. At the end of the month it will complete the acquisition of Beaumont Robinson. DQS, the business based in Devon, completed in October following regulatory approval. By the end of 2016 the business aims to have over £1bn* in assets under advice and over 40 employed advisers.

The acquisition of JW sees two support staff and two advisers join Old Mutual Wealth Private Client Advisers.

JW launched in 2006 and in 2013 acquired the Whitehead Group. It now has over £100m in assets under advice and has forged strong relationships with clients. Under the Old Mutual Wealth brand, it will continue to build on that success.

The business will form part of Old Mutual Wealth Private Client Adviser’s North-West region, overseen by regional director, Sarah Waring.

The North-West regional hub in Chester will soon relocate to new offices in the City having outgrown the existing premises following a year of rapid growth.

Old Mutual Wealth Private Client Adviser managing director, Nigel Speirs says:

“This is another important milestone for Old Mutual Wealth Private Client Advisers, and adds to our growing presence in the North West. It has been a particularly exciting month, with the business gaining significant momentum by finalising some important acquisitions. We are really proud of what we have been able to achieve over the last year and we are excited about what the future holds.

“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.”

*Based on a proforma level of assets as stated at the date of announcement of each acquisition.

For more information contact

Tim Skelton-Smith
Old Mutual Wealth
02380 916 998
07824 145 076
tim.skelton-smith@quilter.com

Notes to editors:

Quilter Private Client Advisers is a national advice business and part of Quilter plc. 

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £114.9 billion in investments (as at 31 March 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business. Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

  • The Multi-asset business is now Quilter Investors
  • Intrinsic to Quilter Financial Planning
  • The private client advisers business is now Quilter Private Client Advisers
  • The UK Platform to Quilter Wealth Solutions
  • The International business to Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.