M and A
Old Mutual Wealth Buys Another Financial Planning Firm In UK

The acquisition is subject to regulatory approval.
Old Mutual Wealth Private Client Advisers has acquired
Dodd Murray, the Cumbria-based financial planning
business. The acquisition is subject to regulatory
approval.
The acquisition adds £205 million ($265.6 million) of assets
under advice to the national financial planning business, the
firm said in a statement.
Three Dodd Murray advisors and additional support staff will join
the business as part of the acquisition. Dodd Murray’s Carlisle
office will become a regional office of Old Mutual Wealth Private
Client Advisers, complementing its Chester, London, Devon,
Birmingham and Yorkshire premises.
Following the completion of the acquisition, Dodd Murray managing
director Chris Fuller will become regional director for Old
Mutual Wealth Private Client Advisers.
“As we approach two years since the launch of Old Mutual Wealth
Private Client Advisers, it is exciting for us that the business
continues to grow through the acquisition of high-quality
financial planning firms like Dodd Murray," said Old Mutual
Wealth Private Client Advisers managing director, Nigel Speirs.
“I know the business is going to be a good fit for us and
everyone at Old Mutual Wealth Private Client Advisers is really
looking forward to working with Chris Fuller and his team to
continue the fantastic work they have accomplished to date.”
Dodd Murray business was formed in 2007 when Dodd Financial
merged with Murray & Fuller.
WealthBriefing reported that
the firm had bought Maestro Financial Services in May, which
was its second acquisition in two successive months.