Old Mutual Wealth Private Client Advisers has snapped up Cheshire-based advice firm JW Financial Planning for an undisclosed amount.

The deal will add over £100m in assets under advice to Old Mutual’s portfolio. Two support staff and two advisers will join Old Mutual as part of the deal.

JW Financial was set up in 2006 and purchased the Whitehead Group in 2013. The Cheshire-based firm will now become part of Old Mutual’s North-West region that will be managed by regional director Sarah Waring.

Old Mutual Wealth Private Client Adviser managing director Nigel Spiers said: “This is another important milestone for Old Mutual Wealth Private Client Advisers, and adds to our growing presence in the north west.”

Earlier this year, Old Mutual Wealth Private Client Advisers acquired financial planning firm Beaumont Robinson and UK-based DQS Financial Management.

The company further said that it plans to have over £1bn in assets under advice and over 40 employed advisers by the end of this year.

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