Canadian firm splashes out £28m on UK wealth manager
Also Quilter acquires financial adviser in administration for an undisclosed sum
Also Quilter acquires financial adviser in administration for an undisclosed sum
Acquisition will create a single fintech and support services group
Deal opens up Europe’s third largest market
It is also in the process of acquiring nine Caribbean operations of Canadian bank ScotiaBank
‘Australia is one of the most attractive and fastest growing wealth management markets worldwide’
It is looking to cater to ‘one of the world’s most under-served life markets’
The move comes a week after its Jersey operation was sold to ED Group
The Latin America country ‘constitutes a core market in the region’ for the Swiss firm
‘Favourable demographics and an increasing focus on financial savings’ driving life sector growth
This is the company’s seventh acquisition since its formation in 2015
The deal will see the UK firm bring on board 400 clients and £200m in funds under management
Managing director of Quilter Private Client Advisers confirmed