Old Mutual Wealth To Purchase Financial Planning Firm

Robbie Lawther

10 April 2017

UK-based has agreed to acquire Shropshire-based Infiniti Financial Planning for an undisclosed sum. Infiniti, which provides financial advice to around 700 households, will combine with Old Mutual Wealth's newly-acquired Premier, a Midlands-based financial planning company, to form the Birmingham office of Old Mutual Wealth Private Client Advisers.

The acquisition will see three advisors and additional support staff join Old Mutual Wealth Private Client Advisers from Infiniti.

Kevin Speake, managing director of Infiniti, will become a regional director with the firm.

“I look forward to working with Kevin and his colleagues as we bring together two exceptional financial planning businesses, Infiniti and Premier, to become part of Old Mutual Wealth Private Client Advisers, said Nigel Speirs, managing director of Old Mutual Wealth Private Client Advisers.

“At the same time I’m also really pleased we have been able to support the growth and development of new talent in the financial planning sector by giving five newly-qualified financial advisors a route into the industry," he added.

Old Mutual Wealth is part of UK/South Africa-listed Old Mutual.