The Shropshire-based financial adviser serves around 700 households and the acquisition will see Infiniti combine with newly acquired Premier to form the Birmingham office of Old Mutual Wealth Private Client Advisers.

Infiniti’s three advisers and additional support staff will join Old Mutual Wealth Private Client Advisers with managing director Kevin Speake becoming a regional director with the business.

“I look forward to working with Kevin and his colleagues as we bring together two exceptional financial planning businesses – Infiniti and Premier – to become part of Old Mutual Wealth Private Client Advisers,” said Nigel Speirs, managing director of Old Mutual Wealth Private Client Advisers.

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“At the same time, I’m also really pleased we have been able to support the growth and development of new talent in the financial planning sector by giving five newly qualified financial advisers a route into the industry.”   

Kevin added that becoming part of Old Mutual Wealth Private Client Advisers was extremely exciting for him and the rest of the advisers and staff at Infiniti.

“I’m delighted to have the opportunity to work with Nigel, and the other regional directors and staff of Old Mutual Wealth Private Client Advisers.

“The opportunity to grow this business and deliver prosperity and financial security to even more households in the region is something I’m really looking forward to.”

Old Mutual Wealth Private Client Advisers will take on all liabilities for past advice, giving the wider financial planning industry reassurance that the acquired firm does not leave any liability which could in future fall on industry-funded compensation schemes.