News

15
May

Old Mutual Wealth makes acquisition with purchase of Scottish Financial Advice firm

The acquisition of DG Pryde, based just outside of Edinburgh, has been given the go-ahead for a presently undisclosed sum. It adds £200m in assets under advice to Old Mutual Wealth Private Client Advisers, Old Mutual Wealth’s national financial advisory arm.
Douglas Pryde, Director and founder of DG Pryde, stated; “After spending 30 years building DG Pryde, and having conducted extensive due diligence on potential buyers of my business, I am happy that my clients are being left in capable hands.
“I look forward to working with Old Mutual Wealth Private Client Advisers as a consultant to ensure clients continue to receive the tailored experience they are familiar with.”
While DG Pryde is based in the Duns, Scotland, the majority of its clients are located in London and the south east.
Old Mutual Wealth Private Client Advisers has grown to now employ more than 50 financial advisers across the UK since being founded in 2015.
Dominic Rose, director at Old Mutual Wealth Private Client Advisers, said: “This is a fantastic opportunity to grow our business and give DG Pryde’s clients continued access to quality, face-to-face financial planning.
“As a firm that has focused on providing a personalised service, DG Pryde is a good cultural fit with Old Mutual Wealth Private Client Advisers.”
 
Gunner & Co. work closely with Old Mutual Wealth Private Client Advisers – if you would like to know more about selling your business to them contact louise.jeffreys@gunnerandco.com