3,900 advisers in total
£4m of share options exercised today
£42.2m recommended cash offer
Was 'courted by a number of networks and consolidators'
Will continue as AR of the network
After leaving Sesame Bankhall
'Contracts have been exchanged'
Changes on OMW and Intrinsic boards
Tenet Group regulatory director Gill Davidson is to join Old Mutual Wealth's adviser network Intrinsic where, as chief risk officer, she will be responsible for overseeing the network's risk and compliance strategy.
OM Wealth Private Client Advisers network
Runs from today to 11 September
Can take 100 students a year
Some advisers did not meet regulatory independence requirements
Hopeful panel's recommendations will be heard
Mary-Anne McIntyre is leaving Old Mutual Wealth (OMW) after just three months at the business.
Financial services firm Sanlam will bring its UK businesses under a single management structure from January.
A former managing director at Sesame Bankhall Group is set to join financial services research business Defaqto as head of insight (funds and DFMs).
The chief executive of Old Mutual Wealth's adviser network Intrinsic, Richard Freeman, is to step down.
Adviser network Intrinsic CEO Richard Freeman has been named on an expert panel overseeing a joint Treasury and Financial Conduct Authority (FCA) review of consumer access to financial advice.
Restricted network Intrinsic Financial Planning has reported a loss after allowing for £1.7m to cover potential complaints about advice to clients to invest in unregulated collective investment schemes (UCIS).
Old Mutual Wealth's (OMW) decision to launch a national advice firm has raised the spectre that the fund giant will leverage the mass of data it holds on its investors to poach clients from other advisers.
Adviser network Intrinsic and its parent company Old Mutual Wealth (OMW) are to launch a national advice business aimed at the "underserved segments" of the market.
Adviser network Intrinsic plans to take on 220 new advisers from the closure of rival network Sesame.