M and A
Old Mutual Wealth Buys Yorkshire-Based Firm
Old Mutual Wealth Private Client Advisers has continued its acquisition growth plan.
Old Mutual Wealth Private Client Advisers has acquired
the Yorkshire-based financial services firm Coleman Clough.
The acquisition adds £33 million ($43 million) of assets
under advice to the financial planning business.
Coleman Clough will become part of Old Mutual Wealth Private
Client Advisers, which services clients from existing offices in
the region, the firm said in a statement.
Following the acquisition, Roy Clough, founder, director and sole
advisor at Coleman Clough, will retire. He will remain with
the business for a transition period, though.
The financial terms of the deal were not disclosed.
“I am very excited about this opportunity to grow our business,
and our Yorkshire office, with the acquisition of a firm with a
reputation for professional and personalised service," said Nigel
Speirs, Old Mutual Wealth Private Client Advisers managing
director. “This is a reputation earned by Roy and we look forward
to building on that fantastic work by continuing to deliver above
and beyond expectations for clients.”
This publication reported in September that Old Mutual Wealth
had bought Dodd Murray, the Cumbria-based financial planning
business.
