Wealth manager Quilter has agreed to buy fintech NuWealth as part of its digital drive.
The FTSE-250 firm is set to "evolve" the NuWealth app to help advisers better support clients who are starting out with investing, Quilter stated in a press release today (5 September). PA understands that the deal is set to close within the next few days. Quilter set out that it hopes that the NuWealth proposition will help individuals who are initially seeking extra help and guidance, with "the option" to work with an adviser later on in the process. The deal could in part be seen as a response to Financial Conduct Authority (FCA) and HM Treasury (HMT) proposals set out in the Ad...
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