Old Mutual Wealth Private Client Advisers acquires Coleman Clough

Old Mutual Wealth Private Client Advisers is today pleased to announce the acquisition of Coleman Clough.

The acquisition adds £33m of assets under advice to the national financial planning business.

Yorkshire-based Coleman Clough will become part of Old Mutual Wealth Private Client Advisers, with clients being serviced from existing offices in the region.

Following the acquisition Roy Clough, founder, director and sole adviser at Coleman Clough will be retiring. Before commencing his retirement Roy will remain with the business for a transition period.

The acquisition allows Roy to retire from the financial planning industry with the re-assurance his clients will continue to receive quality ongoing financial advice from Old Mutual Wealth Private Client Advisers.

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

“I am very excited about this opportunity to grow our business, and our Yorkshire office, with the acquisition of a firm with a reputation for professional and personalised service.

“This is a reputation earned by Roy and we look forward to building on that fantastic work by continuing to deliver above and beyond expectations for clients.”

Coleman Clough founder and director, Roy Clough says:

“I am delighted that the business I’ve built will be left in capable hands. I look forward to working with Old Mutual Wealth Private Client Advisers during a handover period that will ensure Coleman Clough’s clients continue to enjoy the same personalised, tailored experience that they are accustomed to.”

For more information contact

Kathleen Gallagher
Old Mutual Wealth
023 8072 6293
07990 004932
kathleen.gallagher@omwealth.com

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

Notes to editors:

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 £110.4 billion in customer investments (as at 31 December 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 advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform and Old Mutual International, including AAM Advisory in Singapore.

The Old Mutual Wealth Heritage life assurance business was acquired by ReAssure Group Plc on 2 January 2020.

Since its IPO in June 2018, Quilter plc’s businesses have progressively rebranded to Quilter, as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Quilter Financial Advisers (previously Charles Derby Group)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

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.

Disclaimer

This announcement may contain certain forward-looking statements with respect to certain Quilter plc’s plans and its current goals and expectations relating to its future financial condition, performance and results. 

By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Quilter plc’s control including amongst other things, international and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing and impact of other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation and other regulations in the jurisdictions in which Quilter plc and its affiliates operate. As a result, Quilter plc’s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in Quilter plc’s forward looking statements.

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