Old Mutual Wealth Private Client Advisers acquires A&M Financial Services

 

Clients of the Wiltshire-based financial planning business will be serviced from Old Mutual Wealth Private Client Advisers’ London office.

The acquisition adds £40 million of assets under advice to the national financial planning business.

Since Old Mutual Wealth Private Client Advisers was created in 2015 the business has established a national presence through a series of acquisitions and organic recruitment growth and now has six regional hubs across the country.

The business employs more than 50 financial advisers across the UK and continues to grow. This includes the recruitment of new entrants to the financial planning industry that have graduated through Old Mutual Wealth’s Financial Adviser School, the dedicated training centre designed to support the next generation of financial advisers.

Old Mutual Wealth Private Client Advisers was established to serve affluent and high net worth individuals and their families, and over a third (38%) of its clients have in excess of £1m in personal wealth with the national financial advisory business.

Dominic Rose, director at Old Mutual Wealth Private Client Advisers, says:

“This is a fantastic opportunity to grow our business and give A&M’s clients continued access to quality, face-to-face financial planning. A&M is a firm that has focused on providing a personalised service in London and the South East of England, making it a good cultural fit with Old Mutual Wealth Private Client Advisers and our commitment to providing exemplary client service.”

For more information contact

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

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

Quilter plc undertakes no obligation to update the forward-looking statements contained in this announcement or any other forward-looking statements it may make.

Nothing in this announcement should be construed as a profit forecast.