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Latest from the Media Centre

15/06

Old Mutual Wealth Private Client Advisers to acquire DQS Financial Management

Old Mutual Wealth Private Client Advisers, the appointed representative of Intrinsic offering restricted financial planning services that leverage Old Mutual Wealth’s investment capability across Quilter Cheviot and Old Mutual Global Investors, has reached an agreement to acquire financial planning firm, DQS Financial Management. 

The acquisition will add £200m in assets under advice and 650 clients to the Old Mutual Wealth-branded financial planning business, which launched in 2015.

DQS staff, including five advisers, will remain with the company, with its offices operating under the Old Mutual Wealth Private Client Advisers brand.

DQS was founded in 2001 by directors Chris Dyson, Rob Quaintance and Carrie Payne, all of whom will remain with the business to support its continued growth as part of Old Mutual Wealth Private Client Advisers.

The business provides financial planning to clients from its base in Newton Abbot and has grown successfully since 2001, including the acquisition of Castellan Financial Management in 2006.

The acquisition is subject to regulatory approval.

Supporting advice

Old Mutual Wealth is committed to supporting growth in the financial advice industry and meeting increased consumer need for professional financial planning. This includes financial advisers across the UK that work with Old Mutual Wealth and its stable of platform and investment solutions, and restricted and independent financial advice through the Intrinsic network.

Old Mutual Wealth Private Client Advisers, which launched in October 2015, is also helping to build the next generation of financial advisers by offering graduates of the Financial Adviser School a route into the profession as employees of Old Mutual Wealth Private Client Advisers. The Financial Adviser School also supports students sponsored by or interested in joining any advice firm in the directly authorised market or the Intrinsic network.

Nigel Speirs, managing director, OMW Private Client Advisers, says:

“We’re delighted to announce the acquisition of DQS, adding an established and respected adviser firm to the Private Client Advisers business.”

Richard FreemanRichard Freeman, chief distribution officer at Old Mutual Wealth, says:

“At Old Mutual Wealth we are absolutely committed to investing in the future of face-to-face financial planning, and bringing well-controlled, high quality financial planning to more customers. We will continue to invest in our proposition supporting the wider adviser market as well as our distribution capabilities through Intrinsic.”

Chris Dyson DipPFS, managing director, DQS, says:

“We are delighted to be joining Old Mutual Wealth Private Client Advisers. Aligning with a business focused on delivering good customer outcomes through advice and ongoing service with an excellent pedigree in investment management has been very important to us and will enable us to continue to deliver a first-class proposition to our clients.

I am personally excited to be leading the integration of DQS and becoming a key member of the Old Mutual Wealth Private Client Advisers leadership team.”

 

 

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145 076tim.skelton-smith@omwealth.com

Notes to Editors:

Old Mutual Wealth

Old Mutual Wealth is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

It has an adviser and customer offering spanning:

  • Financial advice delivered by the Intrinsic network in the UK and AAM Advisory in Singapore
  • Platform based wealth management and protection products delivered by Old Mutual Wealth in the UK & Italy* and Old Mutual International globally
  • Asset management solutions delivered by Old Mutual Global Investors
  • Discretionary investment management delivered by Quilter Cheviot.

Old Mutual Wealth oversees £119 billion in customer investments (as at 30 September 2016).

Old Mutual Wealth is part of Old Mutual plc a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 19.4 million customers across the world and has a total of £342.7 billion assets under management (as at 30 June 2016).

*Old Mutual Wealth announced the sale of Old Mutual Wealth Italy to Ergo Italia on 9 August 2016. The transaction is pending completion.

This press release is for journalists only and should not be relied upon by financial advisers or customers. Investments may fall or rise in value and investors may not get back what they put in.