Quilter Private Client Advisers has acquired three financial planning firms, which collectively boost Quilter’s AuM by £211m.
The newly-acquired companies are Petrus Financial Services, ROC Consultants and M.J.S Wilson.
Financial terms of the deals were not disclosed.
The London office of Quilter Private Client Adviser will now tend to Petrus and ROC clients.
M.J.S clients will be managed by the London and Chester offices of the acquirer.
Petrus financial advisers Philip Dendy, Nigel Pearce and David Main along with ROC owner and adviser Trevor Allum will retire.
Dendy noted: “We had always planned that, when the time came for us to exit the financial services industry, we needed a smooth transition of our valued clients to a capable, robust and high-quality financial advice business.
“We are delighted that we have achieved exactly that with Quilter Private Client Advisers.”
Petrus operations director Georgina Warwick will move to Quilter.
Quilter Private Client Advisers strategy and acquisitions director Dominic Rose said: “Our model is working and I am pleased that we are continuing to help business owners realise the value for their years of hard work.
“Crucially, our clients are happy and therefore we will continue with our strategy of acquiring select high quality advice businesses.”
The latest deal comes shortly after Quilter’s acquisition of advice firm Lighthouse in a £46.2m deal.
Earlier this year, Quilter purchased Freedom Financial Planning and Stephen Spires Financial Consultants along with financial planning firm Charles Derby.