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Old Mutual Wealth Private Client Advisers acquires Maestro

Old Mutual Wealth Private Client Advisers is today pleased to announce the acquisition of Maestro Financial Services (Maestro).

While all reasonable effort was made to ensure that the following blog/entries were fair and accurate when they were written, please be aware that the information contained, including information on tax rates allowances and eligibility criteria, is subject to change and may no longer be accurate.

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The Cheadle-based business will become part of Old Mutual Wealth Private Client Advisers and operate as part of the firm’s Chester region.

Owner and managing director Niel Lingwood will join Old Mutual Wealth Private Client Advisers, alongside additional support staff.

The acquisition adds more than £120m in assets under advice to the Old Mutual Wealth-branded adviser business.

Maestro was set-up by Niel in 1984. It has since grown into a successful financial planning business, acquiring Shaw Heath Insurance Services in 2008; and the financial planning business of Kay Webb & Co in 2010.

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

“In 2015 we launched Old Mutual Wealth Private Client Advisers with the aim of helping a growing number of UK households realise the benefits of professional financial planning. I’m delighted that we can now add to our Chester office by welcoming Niel and his colleagues into the business.”

Niel Lingwood adds:

“I’m really pleased to be joining Old Mutual Wealth Private Client Advisers, which shares Maestro’s values and principles and will offer our clients continuity and ongoing service from trusted and reliable national financial planning business.”

For more information contact

Michael Glenister
Old Mutual Wealth
020 7778 9638
07469 144535
michael.glenister@omwealth.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.