British investment manager Quilter Cheviot, which was acquired by Old Mutual Wealth in 2015, has agreed to acquire Attivo Investment Management for an undisclosed sum.

Attivo Investment Management, a subsidiary of Attivo Group, is a discretionary investment management business. The firm is headquartered in Cheltenham and has an office in London.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The deal, which already secured the regulatory nod, will add £300m in assets to Quilter Cheviot’s books.

Quilter Cheviot head of Bristol office James Rodgers and head of charities William Reid will now be responsible for managing clients of Attivo from Quilter Cheviot’s Bristol and London offices, respectively.

Quilter Cheviot CEO David Loudon said: “We are excited about the opportunity to build our business in Southern England as a result of the acquisition of Attivo Investment Management.

“This development demonstrates our commitment to a proactive growth strategy and is a statement of our confidence in the UK’s economy. We are actively seeking to acquire wealth management books of business to help support our organic growth and move further towards Old Mutual Wealth’s goal of becoming the UK’s leading wealth management business.”

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.

The transaction is expected to be wrapped up in the first quarter of 2017.

Attivo Group CEO Stephen Harper added: “Attivo Group’s focus has always been to be an independent financial planning business and the transfer of the investment management business reinforces our commitment to offering truly independent financial planning through Attivo Financial Planning.”