Old Mutual Wealth Private Client Advisers, the financial planning business leveraging Old Mutual Wealth’s expertise in advice, investments and platform solutions, is today pleased to announce the acquisition of West Yorkshire based financial planning firm, Beaumont Robinson.
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The acquisition brings over 850 clients and around £250m in assets under advice into the Private Client Advisers business.
The announcement follows the 2015 launch of Old Mutual Wealth Private Client Advisers with the opening of a new Chester office, and the subsequent acquisition of DQS in the South-West of England earlier this year.
Beaumont Robinson was established in 1971 and has successfully grown to service clients across the West Yorkshire region, while delivering strong business performance.
Staff and management will remain with the business and support its transition into Old Mutual Wealth Private Client Advisers, which will see it adopt the centralised investment proposition and align its advice processes.
Beaumont Robinson managing director Michael Wall will take on the role of regional director for Old Mutual Wealth Private Client Advisers.
The acquisition is subject to regulatory approval.
Old Mutual Wealth Private Client Advisers’ managing director, Nigel Speirs, says:
“We are really excited to welcome Beaumont Robinson, its staff and clients into the Old Mutual Wealth Private Client Advisers business. I am really looking forward to working with regional director Michael Wall and the rest of the team as we embark on an exciting journey together at Old Mutual Wealth Private Client Advisers.
“This is another important milestone as we aim to grow a wealth management business designed to deliver great customer outcomes by combining Old Mutual Wealth’s stable of investment, platform and advice solutions.”
Old Mutual Wealth chief distribution officer, Richard Freeman, says:
“At Old Mutual Wealth we have made a firm commitment to invest across the entire financial planning industry. Building our own-brand wealth management offering through the Private Client Adviser business is another important example of our commitment to growing the footprint of face to face advice across the UK.”
Beaumont Robinson chairman, David Cubitt, says:
“Joining Old Mutual Wealth Private Client Advisers is an exciting step for this business and will allow us to grow and develop with the support of a national advice offering.
“It was crucial for us to find a partner that could ensure our clients would continue to receive the highest quality wealth management and financial planning service available and we’re delighted to have found that with Old Mutual Wealth.”
For more information contact
Old Mutual Wealth
02380 916 998
07824 145 076
Old Mutual Wealth
020 7778 9638
Notes to editors:
Quilter Private Client Advisers is an appointed representative of Intrinsic 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 oversees £ 118.1 billion in customer investments (as at September 2018).
It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset and single strategy investment solutions; and discretionary fund management.
The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.
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.
Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solution business.
The Quilter 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 become 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.