Old Mutual Wealth buys Intrinsic to add 3,000 advisers to business

Old Mutual Wealth has bought advice network Intrinsic for an undisclosed sum as it continues its growth strategy across a number of channels.

Following speculation last year, the group said today it had acquired Intrinsic, the UK's largest network of restricted and independent financial advisers with 3,000 members on its books. The deal will see Intrinsic's existing management structures and business model remain in place, Old Mutual Wealth said today. Old Mutual Wealth's platform, protection and investment solutions will be added to the panels for its restricted advice offer, the group added. Paul Feeney, CEO of Old Mutual Wealth, said: "Wealth management is not just for the wealthy. "Most people need high quality in...