Quilter, a FTSE-250 wealth manager, has agreed to acquire Fintech NuWealth.
Quilter states that this acquisition will help it pursue its objective to enhance digital capabilities “to better support customers and advisers.”
With this acquisition, Quilter aims to “evolve NuWealth to work with advisers to help them support clients at the start of their investing journey.”
It will be particularly beneficial for people starting to “invest who are looking for additional help and guidance, with the option to work with a financial adviser later in the investing journey.”
With emerging proposals from the HMT/FCA Advice Guidance Boundary Review encouraging providers to offer “wider support capabilities to help close the advice gap, this acquisition will accelerate Quilter’s capabilities to deliver digital guidance.”
This acquisition will also support Quilter’s delivery of workplace advice “provided by Quilter Financial Advisers, its national advice business, serving affinity advice partners.”
Steven Levin, CEO of Quilter, said by adding NuWealth they will ensure they can support advisers to meet the diverse needs of their clients sharing advisors have been asking for greater support.
