News

10
May

Old Mutual Grows North West Region with acquisition of Maestro

Old Mutual Wealth Private Client Advisers, this month’s ‘Featured Acquirer’ in Gunner & Co.’s sister company IFA Magazine, announced it’s 4th acquisition of 2017, with the purchase of Maestro Financial Services, for an undisclosed consideration.
Maestro Financial Planning, currently based in Cheadle, south of Manchester, fits Old Mutual Wealth PCA’s acquisition strategy of developing regional centres for face-to-face, local advice, and growing these through acquisition. Maestro will build out Old Mutual’s North West ‘hub’, following the acquisition of Cheshire-based JW Financial Planning in November last year.
This new addition brings £120M of funds under advice, and principal and MD Niel Lingwood will join the firm, along with a support team.
“In 2015 we launched Old Mutual Wealth Private Client Advisers with the aim of helping a growing number of UK households realise the benefits of professional financial planning.
“I’m delighted that we can now add to our Chester office by welcoming Niel and his colleagues into the business.” Said Nigel Spiers, Old Mutual Wealth Private Client Advisers managing director
Mr Lingwood said: “I’m really pleased to be joining Old Mutual Wealth Private Client Advisers, which shares Maestro’s values and principles and will offer our clients continuity and ongoing service from a trusted and reliable national financial planning business.”
You can meet the Old Mutual Wealth PCA acquisition team at Gunner & Co.’s ‘Building Value in your Financial Planning Seminar in November, register today.
Or to know more about their approach to acquisitions contact Gwill Evans on gwill.evans@gunnerandco.com