OMW advice arm makes £33m acquisition

Firm founder retiring

Hannah Godfrey
Old Mutual Wealth's (OMW) advice arm has bought Coleman Clough

Old Mutual Wealth's (OMW) advice arm has bought Coleman Clough

Old Mutual Wealth's (OMW) advice arm Private Client Advisers has bought Yorkshire-based IFA firm Coleman Clough, its fifth acquisition this year.

The deal brings £33m of assets under management to the national financial planning business. Coleman Clough's founder, director and sole adviser Roy Clough will be retiring, though will remain with the business for a transition period. OMW Private Client Advisers managing director Nigel Speirs said Coleman Clough had a reputation for professional and personalised service.  "This is a reputation earned by Roy and we look forward to building on that fantastic work by continuing to deliver above and beyond expectations for clients." Clough added: "I look forward to working with Old...

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