Old Mutual Wealth to acquire £200m financial planning firm DQS

Acquisition adds £200m in assets

Old Mutual Wealth Private Client Advisers is set to acquire financial planning firm DQS Financial Management, adding £200m in assets under advice.

Old Mutual Wealth Private Client Advisers, the appointed representative of Intrinsic, offers a financial planning service that leverages Old Mutual Wealth's investment capability across Quilter Cheviot and Old Mutual Global Investors. The acquisition will add £200m in assets under advice and 650 clients to the Old Mutual Wealth-branded financial planning business, which launched in 2015. Old Mutual Wealth and Intrinsic to launch national advice business DQS staff, including five advisers, will remain with the company, with its offices operating under the Old Mutual Wealth Private C...