Quilter Private Client Advisers – Quilter’s national advice business – has completed the purchase of Petrus Financial Services, ROC Consultants and M.J.S Wilson & Co.
The trio of acquisitions has added £211m to Quilter’s assets under advice.
The owners of ROC Consultants and Petrus Financial Services, based in Surrey and Windsor respectively, will retire following the transaction and a subsequent transition period.
Strategy and acquisitions director of Quilter Private Client Advisers, Dominic Rose, commented on the transaction: “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.”
Co-owner of Petrus Financial Services, Philip Dendy, said: “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.”
