OMW acquires two advice firms, adding £170m AUA

The takeovers will see Premier Planning managing director Richard Usmar leave his position but remain with the business in a consultancy role while Premier Wealth managing director Mark Grainger will join OMW Private Client Advisers to "ensure continuity of service". As part of the deal OMW will take on all liabilities for past advice from the Birmingham-based firms.  It said this approach would give the financial planning sector "re-assurance" the acquired firms have not left any liability which could in future fall on the Financial Services Compensation Scheme. Old Mutual Wealth ...