Old Mutual Acquires Maestro Financial Services

May 23, 2017

On May 10, 2017, Old Mutual Wealth Private Client Advisors announced the acquisition of Maestro Financial Services.

Under the terms of the agreement, Maestro Financial Services (“Maestro”) owner and managing director Niel Lingwood, along with additional support staff, will join Old Mutual Wealth Private Client Advisors (“Old Mutual Wealth”). The acquisition will increase Old Mutual Wealth’s assets under advice by £120 million.

Part of Old Mutual plc, Old Mutual Wealth provides financial planning to U.K. households. Old Mutual plc is a FTSE 100 group company that offers life assurance, asset management and general insurance, with a total of £394.9 billion of assets under management as of December 31, 2016.

Founded in 1984, Maestro is an investment adviser based in Cheadle, United Kingdom.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions