Old Mutual Wealth (OMW) Private Client Advisers has set up a Birmingham office with the acquisition of local advisory businesses Premier Planning and Premier Wealth for an undisclosed sum. 

The acquisition will add £170m in assets to OMW Private Client Advisers’ portfolio.

Under the terms of the deal, OMW Private Client Advisers will take on all liabilities for Premier’s past advice. According to OMW, this would ensure “that the acquired firms do not leave any liability which could in future fall on industry-funded compensation schemes”.   

Premier Planning owner and managing director Richard Usmar will remain with the business in a consultancy role, while Premier Wealth managing director Mark Grainger will join OMW Private Client Advisers as part of the deal.

OMW Private Client Advisers managing director Nigel Speirs said: “This is another important milestone for Old Mutual Wealth Private Client Advisers.

“We now have five regional offices, allowing us to deliver quality face to face financial planning to a growing number of clients across the country.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.