Old Mutual Wealth Private Client Advisers acquires Infiniti | Old Mutual Wealth
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Old Mutual Wealth Private Client Advisers acquires Infiniti

06/04/2017

Old Mutual Wealth Private Client Advisers has agreed the acquisition of Shropshire-based Infiniti Financial Planning (Infiniti). 

Infiniti, which provides financial advice to around 700 households, will combine with newly-acquired Premier to form the Birmingham office of Old Mutual Wealth Private Client Advisers.

The acquisition will see the firm’s three advisers and additional support staff join Old Mutual Wealth Private Client Advisers.

Infiniti managing director, Kevin Speake, will become a regional director with the business.

The terms of the acquisition mean that Old Mutual Wealth Private Client Advisers will take on all liabilities for past advice, giving the wider financial planning industry reassurance that the acquired firm does not leave any liability which could in future fall on industry-funded compensation schemes.

Earlier this week eight financial planners graduated from the Financial Adviser School. They are the first cohort to complete the programme since its relaunch in 2016. Five of them will join Old Mutual Wealth Private Client Advisers.

Infiniti managing director and incoming Old Mutual Wealth Private Client Advisers regional director, Kevin Speake, says:

“Becoming part of Old Mutual Wealth Private Client Advisers is extremely exciting for me and the rest of the advisers and staff at Infiniti. I’m delighted to have the opportunity to work with Nigel, and the other regional directors and staff of Old Mutual Wealth Private Client Advisers. The opportunity to grow this business and deliver prosperity and financial security to even more households in the region is something I’m really looking forward to.”

Old Mutual Wealth Private Client Advisers managing director, Nigel Speirs, says:

I look forward to working with Kevin and his colleagues as we bring together two exceptional financial planning businesses, Infiniti and Premier, to become part of Old Mutual Wealth Private Client Advisers.

“At the same time I’m also really pleased we have been able to support the growth and development of new talent in the financial planning sector by giving five newly-qualified financial advisers a route into the industry.”   

For more information contact

Michael GlenisterOld Mutual Wealth020 7778 963807469 144535michael.glenister@omwealth.com

Notes to editors:

About 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 plc oversees £116.5 billion in customer investments (as at 30 June 2018).

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: 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; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and the Multi-asset investment solutions business.

The Quilter plc 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

• Private Client Advisers to Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to 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.