Old Mutual Wealth buys Intrinsic to add 3,000 advisers to business

Following speculation last year, the group said today it had acquired Intrinsic, one of the UK's largest adviser networks with 3,000 members on its books. The deal will see Intrinsic's existing management structures and business model remain in place, Old Mutual Wealth said. Old Mutual Wealth's platform, protection and investment solutions will be added to the panels for its restricted advice offer, the group added. Paul Feeney, chief executive of Old Mutual Wealth (pictured), said: "Wealth management is not just for the wealthy. "Most people need high quality individual advice ...