Old Mutual Wealth  

Old Mutual Wealth swoops on IFA to add £40m

Old Mutual Wealth swoops on IFA to add £40m

Old Mutual Wealth has announced the acquisition of A&M Financial Services, an intermediary firm based in Chippenham, Wiltshire.

The acquisition adds £40m of assets under advice to the Old Mutual Wealth business.

Clients of the firm will be serviced from Old Mutual Wealth’s London office.

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Old Mutual Wealth was created in 2015, and since then has made a swathe of acquisitions, and currently employs more than 50 financial advisers.

The firm had assets under administration of £131.3bn in the last set of accounts, covering the period to 30 September 2017.

Dominic Rose, director at Old Mutual Wealth client advisers said: ““This is a fantastic opportunity to grow our business and give A&M’s clients continued access to quality, face-to-face financial planning. A&M is a firm that has focused on providing a personalised service in London and the South East of England, making it a good cultural fit with Old Mutual Wealth Private Client Advisers and our commitment to providing exemplary client service.”