Quilter buys Lighthouse Group for £42m

Quilter now has more than 3,900 advisers

Paul Feeney, CEO of Quilter

Paul Feeney, CEO of Quilter

Quilter's wholly owned indirect subsidiary Intrinsic has agreed a deal with investment management firm Lighthouse to buy the business for £42.2m.

The deal will see Quilter and its advice arm Intrinsic grow to more than 3,900 financial advisers. Quilter is paying £46.2m in total for Lighthouse but the advice network has £4m in excess cash on its...

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