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 Hendersons' Kerley: investing in Marmite-like China

Hendersons' Kerley: investing in Marmite-like China

Citywire A-rated manager sees higher quality growth originating from China's current reforms.

Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter