Building on our belief in the value of face-to-face financial advice, we’re thrilled to have acquired financial planning business Charles Derby to further broaden our national advice business.
The acquisition will see over 200 (as of 31 December, 2018) restricted financial planners transition to our national advice business during 2019, complementing the development of our Quilter Private Client Advisers (QPCA) business which serves upper affluent and high net worth clients.
Charles Derby was part of our Intrinsic network of advisers prior to the acquisition and already operates within Quilter’s advice framework, which will ensure minimal disruption for its clients and advisers.
Chris Fautley, Chairman and CEO of Charles Derby, commented: “Within Charles Derby we are proud of the growth in customer and adviser numbers we have achieved over the last three years and the acquisition by Quilter offers an exciting opportunity for us to accelerate this growth further. This acquisition allows us to continue to deliver high quality consistent advice from a trusted brand while also enabling us to build and expand our current services.”
Andy Thompson, CEO of Quilter’s advice businesses, added: “Charles Derby offers us a great opportunity to further grow our successful national advice business. It has been part of the Intrinsic network since launch, making it an excellent cultural fit and a strong basis for our developing national advice business. I look forward to continue working with Charles Derby’s staff and advisers.”