Quilter Private Client Advisers is pleased to announce the acquisition of three financial planning businesses, Eastgate Financial Management, Holdaway Johnson and Clive C Aitkenhead Financial Consultant, taking the number of firms acquired this year by the national advice business to 11.
Clients of Cheltenham-based, Eastgate, will be serviced from Quilter Private Client Advisers’ Birmingham office, while Holdaway Johnson, based in Surrey, will be aligned to the London office. Clients of Blackburn-based firm, Aitkenhead, will now be serviced by Quilter Private Client Advisers’ Chester office.
David Irving, Clive Aitkenhead and Charles Holdaway, the respective owners of Eastgate, Aitkenhead and Holdaway Johnson will each retire after helping with the smooth transition of the businesses to Quilter Private Client Advisers.
Dominic Rose, strategy and acquisitions director at Quilter Private Client Advisers, says:
“We are pleased to be able to continue to expand our regional offices with the acquisitions of these three excellent businesses. Each one fits well with our business and culture and we look forward to continuing to give David, Clive and Charles’ clients the quality, face-to-face financial planning they are used to.
“Given we now have a proven track record, we are seeing increasing numbers of firms approaching us directly and we expect to complete on further acquisitions before the end of the year.”
Charles Holdaway, founder of Holdaway Johnson, says:
“After many years looking after my clients’ needs, I am delighted that they will continue to receive excellent service a local level, backed by the national expertise of Quilter Private Client Advisers.”
Clive Aitkenhead, founder of Clive C Aitkenhead Financial Consultant , says:
“I spent two years considering the sale of my business and I chose Quilter Private Client Advisers because we share the core belief of having a focus on long-term client relationships, and they are well resourced to ensure the clients will be in good hands long into the future.”
David Irving, founder of Eastgate Financial Management, adds:
“It was important to find a firm with a very clear strategy for integrating the business to minimise any disruption for clients and I am delighted to have found that in Quilter Private Client Advisers and look forward to helping with the transition.”
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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.