OMW acquires two advice firms, adding £170m AUA

'Important milestone'

Tom Ellis
clock • 1 min read

Old Mutual Wealth's national advice firm Private Client Advisers has acquired Premier Planning and Premier Wealth, adding more than £170m of assets under advice to the growing firm.

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

TPO receives approval for Goldman Sachs Alternatives investment

TPO receives approval for Goldman Sachs Alternatives investment

Minority investment was announced in January

Sophia Panayi
clock 01 May 2026 • 1 min read
L&G to offer targeted support nudging pension savers away from cash

L&G to offer targeted support nudging pension savers away from cash

Will also be integrated into its guided income solution

Isabel Baxter
clock 01 May 2026 • 2 min read
Barclays launches planning and advice service

Barclays launches planning and advice service

Service launched for customers with minimum £150,000 to invest

Sophia Panayi
clock 30 April 2026 • 2 min read