The financial planning arm of Quilter has bought national advice firm Prescient.
This deal comes months after Quilter Private Client Advisers (PCA) acquired Petrus Financial Services, ROC Consultants and MJS Wilson & Co.
The acquisition adds more than £800m ($1bn, €943m) of assets under advice to Quilter PCA.
Prescient’s head office is in the City of London with regional offices in Glasgow, Exeter and York.
The deal will see 23 staff, including eight financial advisers and three trainee advisers, join Quilter PCA’s existing regional offices.
Upon completion, the managing director of Prescient, Chris Woodhams, will retire alongside the firm’s director of risk, Hugh Bance.
Dominic Rose, strategy and acquisitions director at Quilter PCA, said: “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.”
The financial terms of the deal were not disclosed.
