Following the acquisition, the advisers at Kingsworld Walder have retired and Equilibrium Wealth Management will take over, advising their clients through their existing advisory team and staff.
The acquisition takes the value of client funds under advice by Equilibrium to GBP150 million.
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Commenting on the deal, Equilibrium Wealth Management managing director, Tony Apps, said, "The deal to bring the Kingsworld Walder client bank within Equilibrium Wealth Management has now been completed and we can begin the work to ensure that the transition for those clients is as seamless as possible and that they continue to have access to first-class financial advice."
"The financial services profession is currently undergoing the biggest change for a generation with the implementation of the Retail Distribution Review (RDR) in January 2013. As we move towards this RDR deadline it seems obvious that more advisory practice owners will be weighing up their options and some, like Jeffrey, will choose to retire before the new regime kicks in," he added.
He also stated that Equilibrium Wealth Management would soon contact all the individual and corporate clients of Kingsworld Walder to advise them about RDR and the way in which, Equilibrium Wealth Management works in a RDR ready manner.
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