Old Mutual Wealth acquires £250m financial planning business

Old Mutual Wealth Private Client Advisers has acquired Beaumont Robinson, a West Yorkshire based financial planning firm with around £250m in assets under advice.

The announcement follows the 2015 launch of Old Mutual Wealth Private Client Advisers with the opening of a new Chester office, and the subsequent acquisition of financial planning firm DQS earlier this year. The acquisition brings over 850 clients to the business, which is the financial planning arm of Old Mutual Wealth. Beaumont Robinson's staff and management will remain with the business and support its transition to the new ownership, which will see it adopt the centralised investment proposition and align its advice processes. Beaumont Robinson managing director Michael Wall ...