Old Mutual Wealth To Take 100% Stake In AAM Advisory

The start of 2016 brings exciting news from AAM Advisory, as we have today reached an agreement with one of our key business partners (and the custodian of some client’s portfolios), Old Mutual Wealth.  Subject to regulatory approval, they will take a 100% stake in AAM.

There will be no change to the management or advisory team at AAM and we will continue to offer advice and solutions from exactly the same range of product providers as before.  All existing planning that we have worked on with our customers and various product providers remains unchanged.

Old Mutual Wealth is a leading wealth management business in the UK with a broad international presence. Old Mutual Wealth currently oversees nearly £100bn in customer investments and has great experience in the advisory market, already owning the largest financial advice network in the UK, and shortly the largest expatriate focused advisory business in Singapore! Old Mutual Wealth won 57 industry awards in 2015 alone.

Old Mutual Wealth is part of Old Mutual plc, a UK FTSE 100 company (#43 as at 01 December) that provides life assurance, asset management, banking and general insurance. Old Mutual plc is trusted by more than 16 million customers across the world and has nearly £320 billion in assets under management.  The Old Mutual Group have been working for their clients for more than 170 years.  

Our clients will see no change in day to day dealings with AAM – other than some positive changes over time. This is one of the key reasons AAM entered into this arrangement and is something that Old Mutual Wealth recognized was the strength in AAM, namely its management and team of advisers.  We will, of course, be able to leverage on the strength of the Old Mutual Group in terms of the governance/compliance of our business to provide the consistent returns we strive for.

The deal is expected to complete within the next couple of months. I will be in touch again once it goes through.

In the meantime, if you have any questions at all, please contact us at [email protected]

Yours sincerely,

Matthew Dabbs (CEO)