The BDO Midlands transaction service team has advised Intrinsic Financial Services Limited, part of the wealth management Quilter Group, on the financial and taxation due diligence aspects of its acquisition of Charles Derby Group Limited.
Based in Colchester, Charles Derby is a long-standing member of Quilter’s network, and already operates within its advice framework. The acquisition will see over 200 restricted financial planners transition to Quilter during 2019, representing the next stage in Quilter's ambition to grow its national adviser business.
"The deal highlights Quilter's commitment to expanding its national advice offering, resulting in a near four-fold increase in its adviser base. Charles Derby had been part of the Intrinsic network for a number of years, and is an excellent fit into Quilter's growing national advice business."
Graham Elsworth, Transaction Services Partner, BDO