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Old Mutual Wealth Private Client Advisers acquires DG Pryde Ltd

Today Old Mutual Wealth Private Client Advisers (OMWPCA) announces the acquisition of DG Pryde Ltd.

DG Pryde is based in Duns, outside Edinburgh, with the majority of clients located in London and the South East. Having founded the firm in 2005, director Douglas Pryde is now looking to wind down.

Old Mutual Wealth Private Client Advisers was established in 2015 and employs over 50 financial advisers across the UK. The acquisition adds £200 million of assets under advice to the national financial planning business.

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

“This is a fantastic opportunity to grow our business and give DG Pryde’s clients continued access to quality, face-to-face financial planning. As a firm that has focused on providing a personalised service, DG Pryde is a good cultural fit with Old Mutual Wealth Private Client Advisers.”

Douglas Pryde, founder and director of DG Pryde Ltd, says:

“After spending 30 years building DG Pryde, and having conducted extensive due diligence on potential buyers of my business, I’m happy that my clients are being left in capable hands. I look forward to working with Old Mutual Wealth Private Client Advisers as a consultant to ensure clients continue to receive the tailored experience they are familiar with.”

For more information conatct

Tim Skelton-Smith
02380 916 998
07824 145 076
tim.skelton-smith@quilter.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 £ 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.