Intrinsic confirms Caerus take-over

300 advisers added to network

Julian Marr
clock • 1 min read

Old Mutual Wealth's Intrinsic has been boosted by the addition of 300 advisers after the acquisition of fellow adviser network Caerus Capital Group received shareholder and regulatory approval.

The acquisition, which means some 3,700 advisers are now authorised through Intrinsic, will see Caerus become a wholly-owned subsidiary. Intrinsic confirmed Caerus advisers would be adopting its advice process over a phased transition, which will be managed on a firm-by-firm basis. It added that, following completion, Caerus chairman and chief executive Keith Carby would leave the business while managing director Andy Ferns would stay with the company to support a smooth transition. Carby (pictured) said: "I would like to thank all our staff and advisers who have built Caerus and help...

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

MKC Wealth makes double IFA acquisition

MKC Wealth makes double IFA acquisition

Both firms have been acquired for an undisclosed sum

Isabel Baxter
clock 25 November 2024 • 2 min read
Tavistock acquires asset manager and moves forward with Saltus advice sale

Tavistock acquires asset manager and moves forward with Saltus advice sale

Will receive £22m by 2 December

Isabel Baxter
clock 22 November 2024 • 2 min read
The Penny Group adds £90m of assets with Surrey planning firm buy

The Penny Group adds £90m of assets with Surrey planning firm buy

Chartered firm snaps up Whiting Financial

Isabel Baxter
clock 20 November 2024 • 2 min read