• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Business Development

Advisers planning to jump ship ahead of proposed Lighthouse-Quilter merger: reports

Advisers planning to jump ship ahead of proposed Lighthouse-Quilter merger: reports
  • Christopher Copper-Ind
  • @intlinvestment
  • 24 May 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Around half a dozen advisers from fund houses Lighthouse and Quilter are considering leaving their positions before a planned merger between the two firms goes ahead, according to a report today.

Martin Brown, a managing partner at Continuum, told FT Adviser: "We have received several enquiries over recent weeks from [advisers of] those companies that are going through that phase. Maybe there is a degree of concern about the deal.

Related articles

  • South Africa's Old Mutual Ltd suspends CEO
  • Intrinsic rebrands advice business as Quilter Financial Planning
  • Quilter buys Lighthouse Group for £42m
  • Tavistock bins strategic alliance with Lighthouse following Quilter buy

'Under pressure'
"On Quilter the feedback that we are getting is the environment has moved into a sales pressured environment where this has been driven quite significantly. They [feel they] are under pressure to sell."

In April this year, Quilter agreed to acquire Lighthouse for £42m. Quilter, which used to be part of Old Mutual Ltd as Old Mutual Wealth Management, offered 33 pence per Lighthouse share. Once the merger is complete, the deal will result in Quilter and its advice arm Intrinsic expanding to more than 3,900 financial advisers. 

Lighthouse provides financial advice to both corporate and retail customers, with over 400 financial advisers emplyed by the company. Shareholders at Lighthouse voted in favour of the merger earlier this month.

Brown told FT Adviser there was some concern at Lighthouse at the lack of clarity surrounding certain aspects of the merger.

Subscribe to International Investment's free, twice-daily, newsletter

 

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Business Development
  • Quilter
  • Old Mutual Ltd
  • Lighthouse

More on Business Development

Hawksford secures European private equity investor

  • Business Development
  • 01 March 2021
St James's Place predicts £200bn AuM by 2025 despite job cuts

  • Business Development
  • 25 February 2021
RL360 parent IFGL in top level management restructure

  • Business Development
  • 17 February 2021
Merian funds to be renamed under Jupiter banner

  • Business Development
  • 15 February 2021
Amundi launches Amundi OCIO Solutions Division

  • Business Development
  • 04 February 2021
Back to Top

Most read

HSBC appoints CEO for the Middle East region
HSBC appoints CEO for the Middle East region
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Nordic Fund Selector of the Year 2021 shortlist announced
Nordic Fund Selector of the Year 2021 shortlist announced
UK Budget: Sunak freezes lifetime allowance for pensions contributions
UK Budget: Sunak freezes lifetime allowance for pensions contributions
Europe's wealth mangers increasingly focusing on Bitcoin: survey
Europe's wealth mangers increasingly focusing on Bitcoin: survey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading