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Old Mutual Wealth Buys Yorkshire-Based Firm
Robbie Lawther
9 November 2017
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.