Quilter Private Client Advisers acquires two financial planning businesses

31st January 2019

Quilter Private Client Advisers is pleased to announce the acquisition of two financial planning businesses, Freedom Financial Planning and Stephen Spires Financial Consultants adding around £130m in AUA to the national advice business.

Clients of Freedom Financial Planning will be serviced from Quilter Private Client Advisers’ Chester office. The managing director of the business, Andy Nevett, will retire after helping transition the clients to Quilter Private Client Advisers. Financial planning director, Nick Heys, will join Quilter as a financial planner.

Stephen Spires Financial Consultants’ sole adviser, Stephen Spires, will retire after the successful transfer of clients over to Quilter Private Client Advisers who will be serviced by its London office.

Dominic Rose, strategy and acquisitions director at Quilter Private Client Advisers, says:

“It is a pleasure to be able to announce the acquisition of these two financial planning businesses and continue to grow Quilter Private Client Advisers. Both these firms align well with our client service proposition and we look forward to continuing to deliver the exceptional service to which the clients are accustomed. We will build on the great work Stephen and Andy have done and wish them well in their retirement. Furthermore, we are thrilled to welcome Nick from Freedom Financial Planning to the Quilter PCA team.”

Andy Nevett, managing director and adviser at Freedom Financial Planning, says:

“After over thirty years in financial planning it is time for me to enjoy my freedom with the knowledge that my clients will be with a very safe pair of hands given the professional expertise that Quilter Private Clients Advisers offers.”

Stephen Spires, founder of Stephen Spires Financial Consultants, says:

“When I decided to sell my business it was important to find a purchaser who cared about my clients and I know I have found exactly that by choosing Quilter Private Client Advisers.”

 

For more information contact

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 Investment Platform in 2020)
  • Quilter International (previously Old Mutual International)

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.