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.”
You can meet the Old Mutual Wealth PCA acquisition team at Gunner & Co.’s ‘Building Value in your Financial Planning Seminar in November, register today.
Or to know more about their approach to acquisitions contact Gwill Evans on gwill.evans@gunnerandco.com
