News

Rathbones make acquisition
27
Jan

Quilter Cheviot acquires Attivo's Investment Management arm

Bristol-based Financial Advisory Firm Quilter Cheviot has agreed to acquire Cheltenham-based Attivo Investment Management for a currently undisclosed sum.
The deal is thought to go ahead within the first quarter of 2017 and will see £300m in assets under management be transferred directly Quilter Cheviot.
Attivo Investment Management Limited has its head office in Cheltenham and an office in London. The acquired clients will be joint-managed from Quilter Cheviot’s Bristol and London offices, by James Rodgers, Head of Bristol office as well as William Reid, Head of Charities, respectively.
Chief executive of Attivo, Stephen Harper, explained how he owed the success of the deal on the business’ mutually placed importance on clients and their interests. He said, “We are pleased to have agreed with Quilter Cheviot to transfer Attivo Investment Management to a company, which like us, places the utmost importance on putting clients first.”
The Attivo Group expressed how the deal will allow the firm to prioritise the company’s financial advisory firm, allowing for organic growth within the business. Mr. Harper went further to state, “Attivo Group’s focus has always been to be an independent financial planning business and the transfer of the investment management business reinforces our commitment to offering truly independent financial planning through Attivo Financial Planning.”
David Loudon, chief executive of Quilter Cheviot, said his company’s strategy placed importance on acquisition, adding to their, ‘proactive’ growth strategy.
“This development demonstrates our commitment to a proactive growth strategy and is a statement of our confidence in the UK’s economy.”
“We are actively seeking to acquire wealth management books of business to help support our growth and move further towards Old Mutual Wealth’s goal of becoming the UK’s leading wealth management business,” Loudon stated.
If you would like to know more about the Attivo Group or Quilter Cheviot, please feel free to contact Louise at louise.jeffreys@gunnerandco.com