Intrinsic confirms Caerus take-over

300 advisers added to network

Julian Marr
clock • 1 min read

Old Mutual Wealth's Intrinsic has been boosted by the addition of 300 advisers after the acquisition of fellow adviser network Caerus Capital Group received shareholder and regulatory approval.

The acquisition, which means some 3,700 advisers are now authorised through Intrinsic, will see Caerus become a wholly-owned subsidiary. Intrinsic confirmed Caerus advisers would be adopting its advice process over a phased transition, which will be managed on a firm-by-firm basis. It added that, following completion, Caerus chairman and chief executive Keith Carby would leave the business while managing director Andy Ferns would stay with the company to support a smooth transition. Carby (pictured) said: "I would like to thank all our staff and advisers who have built Caerus and h...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

ABI appoints Kay Swinburne as chair

ABI appoints Kay Swinburne as chair

Effective immediately

Jaskeet Briah
clock 03 April 2025 • 2 min read
PDG responds to FCA Market Study update

PDG responds to FCA Market Study update

Expanded terms of reference

Cameron Roberts
clock 31 March 2025 • 2 min read
Banning commission is an 'extreme' outcome of Protection Market Study: FCA

Banning commission is an 'extreme' outcome of Protection Market Study: FCA

Regulator tells delegates at COVER Summit North conference

Jaskeet Briah
clock 27 March 2025 • 3 min read