Quilter Private Client Advisers acquires three financial planning businesses

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.”

 

For more information contact

Tim Skelton-Smith
023 8091 6998
07824 145076
tim.skelton-smith@quilter.com

Alex Berry
023 8072 6260
07741 151931
alex.berry@quilter.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.