Old Mutual Wealth Private Client Advisers has acquired Maestro Financial Services (Maestro), adding £120m in assets under advice to the growing business.
The Cheadle-based business will become part of Old Mutual Wealth's national advice firm and operate as part of its Chester region.
Owner and managing director Niel Lingwood will join Old Mutual Wealth Private Client Advisers, alongside additional support staff.
Maestro was set-up by Lingwood in 1984. In 2010 it acquired the financial planning business of Kay Webb & Co.
Old Mutual Wealth Private Client Advisers managing director, Nigel Speirs said: "In 2015 we launched Old Mutual Wealth Private Client Advisers with the aim of helping a growing number of UK households realise the benefits of professional financial planning. I'm delighted that we can now add to our Chester office by welcoming Niel and his colleagues into the business."
Lingwood added: "I'm really pleased to be joining Old Mutual Wealth Private Client Advisers, which shares Maestro's values and principles and will offer our clients continuity and ongoing service from a trusted and reliable national financial planning business."
Old Mutual Wealth Private Client Advisers is an appointed representative of OMW's adviser network Intrinsic.
The business was formed in October 2015. Aimed at the "underserved segments" of the market, the national advice business's growth has come from client bank acquisitions and strategic partnerships.
In November it acquired the Cheshire-based advice firm JW Financial Planning, adding more than £100m in assets under advice.
In September the firm appointed Bellpenny's Dominic Rose as director to lead the firm's growth strategy in London.
In the previous month it acquired financial planning firm Beaumont Robinson, which brought with it more than 850 clients and about £250m in assets.
The chairman isn’t answering his email
Reforms not enough
An economic cocktail
To encourage consumers to shop around
Will report to Pat Shea