Quilter Private Client Advisers bolsters London office with triple acquisition

21 June 2019

Quilter Private Client Advisers is pleased to announce the acquisition of three financial planning businesses, Petrus Financial Services, ROC Consultants and MJS Wilson and Co, adding £211m in assets under advice (AuA) to the national advice business.

Windsor-based Petrus Financial Services is owned by financial advisers Philip Dendy, Nigel Pearce and David Main and operations director Georgina Warwick. All the advisers will retire following a transition period, where clients will be introduced to their new financial planners who are located at the Quilter Private Client Advisers London office. Georgina will join Quilter.

Clients of Surrey located ROC Consultants will also now be serviced by the Quilter Private Client Adviser London office with owner and adviser Trevor Allum set to retire following the transfer of clients. 

Finally, both the London and Chester Quilter Private Client Adviser offices will service clients of the financial advice business MJS Wilson.

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

“Our model is working and I am pleased that we are continuing to help business owners realise the value for their years of hard work. Crucially, our clients are happy and therefore we will continue with our strategy of acquiring select high quality advice businesses.”

Philip Dendy, financial adviser and co-owner of Petrus Financial Services adds:

“We had always planned that when the time came for us to exit the financial services industry we needed a smooth transition of our valued clients to a capable, robust and high quality financial advice business. We are delighted that we have achieved exactly that with Quilter Private Client Advisers.”

Trevor Allum, owner of ROC Consultants, says:

“I have always emphasised the value of face to face financial advice and I am delighted to be able to retire from my business knowing that the company that takes on my clients holds the same values.”

For more information contact

Alex Berry
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.