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 Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter