Old Mutual advice push raises client poaching fears

OMW in conjunction with its adviser network Intrinsic - bought in July 2014 - will launch a national advice business aimed at what it has called the "underserved segments" of the market. Run by former Sanlam UK distribution director Nigel Speirs, the new venture, Old Mutual Wealth Private Client Advisers, will be an appointed representative of Intrinsic. OMW has said it will open ten regional offices in the next five years and employ around 250 advisers, with its main business growth coming from client bank acquisitions and strategic partnerships. But Scott Gallacher (pictured), fi...