Quilter Private Client adds more than USD800m in AuA with Prescient acquisition

Quilter Private Client Advisers has acquired national financial advice firm, Prescient, adding more than GBPO800 million of assets under advice (AuA) in the process.

Prescient’s principal office is in the City of London with regional offices in Glasgow, Exeter and York. The acquisition sees 23 staff, including eight financial advisers and three trainee advisers join Quilter Private Client Advisers’ existing regional offices.

Upon completion the managing director of Prescient, Chris Woodhams, retired alongside the firm’s director of risk, Hugh Bance.

Dominic Rose, strategy and acquisitions director at Quilter Private Client Advisers, says: “Prescient represents a fantastic fit for Quilter Private Client Advisers and we are excited to welcome a number of new colleagues and clients to our business. We believe this acquisition reaffirms that our model is continuing to help business owners realise the value in their companies while delivering good outcomes for clients.”

Chris Woodhams, former managing director of Prescient, adds: “Our long relationship with Quilter, since the Skandia days, meant that this was a logical fit: the majority of our clients’ assets are held through the Old Mutual Wealth platform and we have worked with various technical specialists in Quilter in recent years. Our transferring team will provide continuity for the clients during the transition.”