Quilter Private Client Advisers has acquired two financial planning businesses, adding £130 million in assets under management.
Stockport-based Freedom Financial Planning will join the national advice business from its Chester office, with managing director Andy Nevett retiring following a transition of clients to Quilter Private Clients Advisers.
The firm's financial planning director, Nick Heys, will join Quilter Private Clients Advisers as a financial planner.
Nevett said 'after over 30 years' as a financial planner he wanted to 'enjoy my freedom' after selling to Quilter.
Reading-based Stephen Spires Financial Consultants will join Quilter Private Clients Advisers' London office, with sole adviser Stephen Spires retiring following the transfer of clients.
Dominic Rose (pictured), strategy and acquisition director at Quilter Private Clients Advisers, said both firms 'align well with our client service proposition'.
Quilter has not disclosed how much it paid to buy the two firms.
Until last year Quilter was known as Old Mutual Wealth. As Old Mutual Wealth Private Client Advisers, the national advice business has bought advice businesses across the UK, including recent purchases in Edinburgh and Wiltshire.