Quilter to buy 400 adviser-strong Lighthouse Group for £42m

Quilter now has more than 3,900 advisers

Tom Ellis
clock • 2 min read

Life company and advice giant Quilter has agreed a deal with Lighthouse to buy the firm for £42.2m.

The deal, which has the backing of Lighthouse's executive and top three shareholders, would see Quilter and its advice arm Intrinsic grow to more than 3,900 financial advisers. Quilter is paying £46.2m in total for Lighthouse but the advice network has £4m in excess cash on its balance sheet, so will in effect be paying £42.2m. Lighthouse is perhaps best known for its affinity services, which means it is the preferred provider of financial advice to 23 groups, including the likes of The Royal College of Nursing and British Airways Clubs, which have a total of six million members.  Lig...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Moneyfarm gets regulatory green light for Willis Owen acquisition

Moneyfarm gets regulatory green light for Willis Owen acquisition

The digital wealth manager sees assets exceed £5.5bn

Isabel Baxter
clock 14 March 2025 • 1 min read
Clifton completes PE backing deal with CBPE and makes seven acquisitions

Clifton completes PE backing deal with CBPE and makes seven acquisitions

Went through end of February as Clifton snaps up seven advice businesses

Isabel Baxter
clock 10 March 2025 • 4 min read
Close Brothers Asset Management becomes Trinitybridge

Close Brothers Asset Management becomes Trinitybridge

Follows sale to Oaktree

Linus Uhlig
clock 07 March 2025 • 1 min read