Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

WH Ireland receives £270m windfall from Seymour Pierce buy

8 comments
WH Ireland receives £270m windfall 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.

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

WH Ireland chief executive Richard Killingbrek, who replaced Paul Compoton (pictured) following his sudden departure, 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 or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter