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Old Mutual Wealth Private Client Advisers announces Dodd Murray acquisition

Old Mutual Wealth Private Client Advisers today announces it has acquired Dodd Murray, the Cumbria-based financial planning business.

The acquisition adds £205m of assets under advice to the national financial planning business.

Three Dodd Murray advisers and additional support staff will join the business as part of the acquisition.

Dodd Murray’s Carlisle office will become a regional office of Old Mutual Wealth Private Client Advisers, complementing its Chester, London, Devon, Birmingham and Yorkshire premises.

The Dodd Murray business was formed in 2007 when Dodd Financial merged with Murray & Fuller, with both firms having enjoyed a long-term presence in the region.

Following the completion of the acquisition, Dodd Murray managing director Chris Fuller will become 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:

“As we approach two years since the launch of Old Mutual Wealth Private Client Advisers, it is exciting for us that the business continues to grow through the acquisition of high-quality financial planning firms like Dodd Murray.

“I know the business is going to be a good fit for us and everyone at Old Mutual Wealth Private Client Advisers is really looking forward to working with Chris Fuller and his team to continue the fantastic work they have accomplished to date.”

Incoming Old Mutual Wealth Private Client Advisers regional director, Chris Fuller says:

“This is a wonderful opportunity for Dodd Murray to embark on the next phase of its journey as part of Old Mutual Wealth Private Client Advisers.

“Becoming part of Old Mutual Wealth Private Client Advisers gives us access to the scale and resource required to grow our business.

“Along with all my colleagues I am excited to be joining Old Mutual Wealth Private Client Advisers and I know it is the right long-term partner for us and our clients. The financial planning business Nigel Speirs and his colleagues have built is one with which we share a great deal of common-ground, which is an important factor in continuing to deliver fantastic service for our clients.”

For more information contact

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

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

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 £ 109.3 billion in customer investments (as at 31 December 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.