MKC Wealth CEO on growing consolidation and PE benefit

Former Quilter directors Rose and Nigel Speirs acquired MKC Wealth in October 2021 as the pair planned to expand through the acquisition of other firms, as well as through organic growth.  Rose, previously strategy and acquisitions director for Quilter Private Client Advisers, then became CEO and Speirs, formerly managing director, became executive chairman at MKC. Speaking to Professional Adviser, Rose said that consolidation in the advice industry is "only going to accelerate". "We will eventually see big consolidators buying medium-sized consolidators," he said. In its acquis...