Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a659494

WH Ireland receives £270m boost from Seymour Pierce buy

by Daniel Grote on Feb 18, 2013 at 07:57

WH Ireland receives £270m boost from Seymour Pierce buy

WH Ireland has received a £270 million boost to assets under management after buying the wealth management business of defunct broker Seymour Pierce.

WH Ireland has paid £25,000 for Seymour Pierce’s client list for its private wealth management business, which generated a profit of £200,000 in the year to the end of September 2012. Seymour Pierce entered into administration earlier this month, and Cantor Fitzgerald bought its corporate finance team in the aftermath.

The deal has increased WH Ireland’s assets under management by 15%.

WH Ireland chief executive Richard Killingbrek said the acquisition would strengthen the company’s London presence.

‘Part of our private client growth strategy is to seek to acquire private client teams and assets in existing WH Ireland office locations and this transaction will add considerably to our London-based assets under management,’ he said.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this article:

Look up the shares

  • WH Ireland Group PLC (WHI.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive


Read more...

FCA bans two advisers over unsuitable Sipp advice

by Michelle Abrego on Apr 17, 2014 at 10:24

Sorry, this link is not
quite ready yet