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Quilter completes acquisition of Lighthouse

12 June 2019

Quilter is pleased to announce it has completed the acquisition of Lighthouse.

Following the completion, Malcolm Streatfield, CEO of Lighthouse will report to Andy Thompson, CEO of Quilter’s advice businesses.

Quilter and Lighthouse will be working closely on integration plans over the coming months and will update the market in due course.

Andy Thompson, CEO of Quilter’s advice businesses comments:

“I’m delighted to welcome the staff, advisers and clients of Lighthouse to Quilter and Intrinsic.

“Since the announcement of our offer we’ve had an opportunity to work a little more closely with Lighthouse to better understand their culture, operations and model.

“We are excited to continue to grow that understanding and work together, taking the best of both businesses, to become a stronger single business.”

Malcolm Streatfield, CEO of Lighthouse, comments:

“This transaction is testament to the quality of what Lighthouse’s staff and advisers have produced and confirmation of its value. Quilter and Intrinsic now offer us the opportunity for even greater success.

“We look forward to working hand in hand with Quilter and Intrinsic as we become one business and ensuring that integration takes place at the right time for the business. We aim to keep interruption to normal business activities to an absolute minimum for advisers, staff or clients.”

For more information contact

Kathleen Gallagher
023 8072 6293
07990 004932
kathleen.gallagher@quilter.com

Notes to Editors:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £95.3 billion in customer investments (as at 31 March 2020).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform and Quilter International, including AAM Advisory in Singapore.

The Old Mutual Wealth Heritage life assurance business was acquired by ReAssure Group Plc on 2 January 2020.

Since its IPO in June 2018, Quilter plc’s businesses have progressively rebranded to Quilter, as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Quilter Financial Advisers (previously Charles Derby Group)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Investment Platform in 2020)
  • Quilter International (previously Old Mutual International)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.