Quilter rallies after £2.7bn listing
Quilter’s successful listing on the London Stock Exchange this morning provides validation for the platforms industry as its shares rally 9.3% in early trading.
Old Mutual Wealth
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Woodford sub-advised mandate falls by a fifth
A sub-advised mandate run by Neil Woodford has fallen by almost a fifth over the last year delivering investors worse results than his own in-house fund.
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Old Mutual adds £200m in assets with acquisition
Old Mutual Wealth Private Client Advisers has acquired DG Pryde, an advice firm based in the Scottish town of Duns, outside of Edinburgh, marking the fith acquisition in less than a year.
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Quilter raids industry ahead of multi-asset rebrand
Quilter’s multi-asset business has raided rival asset managers for senior management hires, as it rebrands to Quilter Investors under the Old Mutual managed separation in which the group’s single and multi-asset strategies have been split.
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Old Mutual fund on course to become costliest UK tracker
An Old Mutual fund is on course to become the UK’s dearest tracker as Aberdeen Standard Investments hints it will shake up Virgin Money’s costly rival product and Columbia Threadneedle shuts its FTSE All Share index fund.
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OMGI profits soar 153% ahead of spin out
Old Mutual Global Investors’ adjusted operating profit soared 153% in 2017, according to Old Mutual Wealth’s annual results.
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Ex-Intrinsic CEO Freeman to finally retire from OMW
Old Mutual Wealth (OMW) has announced its chief distribution officer Richard Freeman will retire for real by the end of June this year.
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Old Mutual Wealth picks up £40m IFA
Old Mutual Wealth Private Client Advisers has acquired Wiltshire IFA A&M Financial Services.
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Buxton’s OMGI sold in £600m private equity deal
A private equity firm is set to take over Old Mutual Global Investors (OMGI) in a £600m deal next year, ending months of speculation on the future of the asset manager.
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Five predictions for the Autumn Budget
With chancellor Philip Hammond poised to release the government’s Autumn Budget on Wednesday, experts from Old Mutual Wealth, RSM, Mazars, Irwin Mitchell Private Wealth and Aegon give their budget predictions.
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We’re SJP’s ‘only credible scale competitor’ claims Old Mutual
Old Mutual Wealth claims a period of rapid growth means it is now the UK’s second largest advice business and only major competitor to St. James’s Place.
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Old Mutual Wealth drops name in favour of Quilter
Old Mutual Wealth is to be renamed Quilter PLC once its managed separation from the wider Old Mutual group completes next year.